Internal controls help to safeguard your company's assets and protect against fraud. When discussing internal controls, one of the most important factors to keep in mind is the segregation of duties. This can include assigning different people to be responsible for authorizing or recording transactions, maintaining custody of assets or providing account reconciliations.
Watch this video to learn more from 415 Group Partner Dave Talenda, CPA, MBA, as he discusses the importance of implementing internal controls within your organization.
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