co-op · note

Auditor advice

Created 2023-02-13 · 5 resource(s)

Twitter post by Michael Girdley asking auditor about preventing business theft Twitter conversation about professional bookkeeping and fraud prevention for business owners. Twitter screenshot showing Kriss Berg's advice on weekly versus monthly financial statement reviews. Text defining financials as profit and loss, balance sheet, and cash flow statement

I think you could find most fraud/theft with significantly less monitoring. Simply taking detailed looks at it occasionally would be doing better than most.

Three-category audit control framework: preventive, detective, and corrective measures with examples.

These things keep so many people employed. Don’t trust your employees.