Did you notice the question is not
“ARE YOU at riskof embezzlement”;
the real question is
“HOW MUCH are you at risk”.
Your business could go up in smoke very quickly if the wrong person has control of your check book, or even just your accounting records. Does your bookkeeper have too much control without proper checks and balances ? Could your bookkeeper cover his/her tracks if they were committing fraud ?
If you’re relying on just one bookkeeper, or a part-time bookkeeper, you’re probably at significant risk of embezzlement. Studies repeatedly show that small businesses are most susceptible to fraud and embezzlement since they don’t have the personnel, systems and processes in place to protect them. Our team approach, with segregation of duties and specific controls and systems, mitigates the risk of embezzlement for our clients.
Contact us to find out how we can help protect you.