What Are the Major Internal Control Measures CPAs Can Set for Southwest Florida Businesses?
Financial management always comes with an amount of risk. The prospect of suddenly acquiring a lot of money is quite enticing for the few, thus motivating behaviors like theft and embezzlement. When such drastic events occur, a business stands to be left penniless and poised to go bankrupt. This risk and danger manage to handicap many organizations, leaving their financial management strategies weak.
This is exactly why the services of an expert cpa bookkeeping in Southwest Florida are recommended. These are financial experts; thus, they are capable of identifying exactly how financial fraud occurs within organizations. Once that is done, various internal controls can be set up to completely negate the chance of fraud!
Here’s how it works...
Segregation of Duties to Prevent Fraud
One of th...