Management Review: An Effective Antifraud Control in Small Businesses

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Small businesses often do not have the resources to implement robust internal controls focused on segregation of duties, causing them to be susceptible to employee embezzlement. A recent article in Fraud Magazine, a publication of the Association of Certified Fraud Examiners, documents how a trusted employee with too much control cheated an unsuspecting small business owner out of hundreds of thousands of dollars. That is, until the scheme was detected through management review.

WHO? The perpetrator in this scheme was a long-term employee in a position of trust with inadequate supervision. These factors fit the profile of …read more

Read more here: Technology

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Aronson LLC has been thinking ahead for its clients for more than 50 years. Aronson’s construction, real estate, government contracting, nonprofit, technology and private industry experts provide innovative audit, tax, and consulting services that help its clients move to the next level. From start-up to exit strategy, Aronson works with companies throughout the entire business lifecycle by proactively identifying opportunities and addressing challenges so that clients are able to focus on their core business. Aronson shows companies how to rethink everything to be more profitable, more competitive and better prepared for the future.

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