FinanceRegs.com » tag » Internal controls

Spreadsheet fixes to reduce errors, save time


March 18, 2009 by Carol Katarsky
Posted in: Best practices, Communication, Fraud prevention, Hiring & training staff, Internal controls, Special report

man-entering-maze

With the amount of financial info you have to track, a spreadsheet is one of your most potent tools. But the more important (and complicated) a spreadsheet is, the more likely it is to have one of these major flaws.

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Ready for the next audit? Think again


March 4, 2009 by Carol Katarsky
Posted in: Best practices, Communication, Special report

Best Practices for Controls and Procedures

You think you have your bases covered for the next audit. But chances are your boss doesn’t have the same faith in you.

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Psst…if you steal, we’ll keep it quiet


February 16, 2009 by Carol Katarsky
Posted in: Best practices, Fraud prevention, In this week's e-newsletter, Internal controls, Latest news & views

You’d probably think if you discovered an employee was committing fraud that your company would report it. Don’t be so sure.

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Poor due diligence: How to make unclaimed property much more costly


January 12, 2009 by Carol Katarsky
Posted in: Best practices, Communication, Hiring & training staff, In this week's e-newsletter, Internal controls, Latest news & views, Unclaimed property & escheatment

You’d think contacting an employee to say you don’t have his home address would be enough to cover your tail when it comes to escheatment. But you might be wrong.

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Are phone charges wreaking havoc with your books?


January 7, 2009 by Carol Katarsky
Posted in: Best practices, Fringe benefits, Internal controls, Latest news & views, T&E, Tax compliance

Cell phones, PDAs and similar devices are in everyone’s pocket these days. And chances are they’re draining excess dollars from your company’s coffers.

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Traveling employees: What don’t they complain about?


January 6, 2009 by Carol Katarsky
Posted in: Best practices, Communication, Hiring & training staff, Internal controls, Latest news & views, T&E

If your company has been reluctant to set spending guidelines for T&E because of concern employees would complain, it’s time to reconsider.

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Is it time to ask for updated W-9s?


December 10, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, Hiring & training staff, In this week's e-newsletter, Internal controls, IRS regs, Latest news & views, Tax compliance

Any A/P pro worth his or her spreadsheets knows that a little pre-year-end prep can make the entire process easier. But is it worth it to ask every vendor for an updated W-9?

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Must-ask questions to find the best vendor


December 3, 2008 by Carol Katarsky
Posted in: Best practices, Communication, Fraud prevention, In this week's e-newsletter, Latest news & views, T&E

One of the most important facets of a successful credit or purchasing card program is findingĀ a card issuer who’s just right for you.

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3 bank problems that could end up in your lap


November 19, 2008 by Carol Katarsky
Posted in: Best practices, Communication, Fraud prevention, Hiring & training staff, Internal controls, Special report

Whether your company’s bank is one of the big nationals or a small regional one, the financial crisis they face is bad news for your Accounting processes.

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Ease the year-end crunch — who to talk to NOW


October 1, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Collections, Communication, Hiring & training staff, Internal controls, Special report

Who couldn’t use an extra pair of hands when you’re getting ready for year-end?

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