How Honest Is Your Bookkeeper?
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  Date: 01/06/2011 Are things not adding up quite right in your accounts? Take a look at your trusty bookkeeper - and for a start, when did he or she last take a holiday? Your accounts don't add up. You think it's the state of the market or your business just isn't performing well. But don't stop there, look a little further. Ask yourself: when did my bookkeeper last go on holiday? Do I really know how he or she is operating the books? Bookkeepers often have long and trusted relationships with the owner/operators of small business. But sometimes, lifestyle habits outside the business get the better of them and slowly, honesty turns to fraud. Ask Brett Warfield. His forensic accountancy firm has just completed a six-year report on bookkeeping fraud in Australia. The report highlights the dangers of placing too much trust in the hands of one person, especially if that person has sole responsibility for managing cash in and out of your business. Topics: Financial Management, Human Resources, Management |
 Brett Warfield, Warfield & Associates |