Safeguarding Your Business Assets . . . How important is it ? . . . Have you ever considered it ?

By Matthew Leslie (San Diego CPA) One of the largest Accounting firms in the United States “KPMG” conducted a “Fraud Survey” and found that businesses are reporting more experiences of fraud than in prior years and that three out of four companies have uncovered fraud. There are many ways to ensure your business assets are safeguarded, but the following are seven of the methods most widely used as follows: 1. Using a system of checks and balances to ensure no one person has control over all parts of any financial transaction. 2. Having your bank accounts reconciled and checked by…

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