Fraud and Internal Controls

Your business can be exploited due to deficient internal controls resulting in damages to your business.

Forensic accounting services provide attorneys and law enforcement with the necessary Expert testimony. A civic or criminal lawsuit is a long and expensive event. We no longer provide expert testimony at deposition, trial or other hearings. Instead we work with our clients to put inplace solid controls and work to resolve disputes.

Unfortunately the need to pursue legal resolutions still is necessary and we can assist in introducing you to attorneys in this field.

Prevention of fraudulent activities is typically achieved through the design, implementation and review of processes and procedures that provide reasonable assurance that all activities are being processed completely and accurately (Internal control).

We have provided services in employee theft, corporate due diligence, shareholder disputes, corporate reporting, and family owned business disputes.

Basic controls for small businesses involve:

Bank reconciliation performed monthly and timely. There should be no old outstanding items.
Check your mail! Transactions with unknown businesses should be investigated
Review balance sheets and income statements monthly. Do you understand the balances on the balance sheet? Does the monthly income statement look reasonable? Compare to prior month.
Your annual tax preparation service DOES NOT address fraud.

Brian R. Jones CPA, LLC

Focused on Business

Fraud and Internal Controls