How Honest Are Your Clients' Bookkeepers?
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  Date: 01/06/2011 Are things not adding up quite right in accounts? Take a look at your trusty bookkeeper - and for a start, when did he or she last take a holiday? Your client's accounts don't add up. They think it's the state of the market, or the business just isn't performing well. But don't let them stop there, make sure they look a little further.When did their bookkeeper last go on holiday? Do they 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 fraudulent activity. 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 managingcash in and out of the business. Topics: Financial Management, Human Resources, Management |
 Brett Warfield, Warfield & Associates |