Welcome back! Today is our final installment on internal controls and fraud series. Last week we took some time to look at a few different ways that fraud could be conducted on your business. This week we are going to look at a few ways you can proactively put in controls to help reduce the potential threat of fraud. There is no sure-fire way to tell if someone will or will not commit fraud against your business. Taking a proactive stance about internal controls is your bes

Welcome Back to week 2 of Finergy's Internal Controls and Fraud Series! Most people are honest, or so we like to believe. We hope that the people we come in contact with in our day-to-day lives are honest and trustworthy. Unfortunately, we learn over the course of life, that not everybody is honest and trustworthy. Since we never know who is and who isn’t, it is a good idea to take precautions in your business. Last week we had an introduction to internal controls and frau

Welcome back Finance Friends! Today we are going to launch our first Finergy Finance Series! Over the next three Finance Friday's we will be looking at a very important topic: Internal Controls and Fraud. Today is the first installment which will be an introduction to the topic. Every year companies big and small, public and private lose an estimated 5% of their revenues due to fraud. For small companies, this loss could have a detrimental impact on their ability to conti