WHAT IS OUTSOURCING / OUTSOURCED SERVICES / INTERNAL CONTROLS

Internal Control, Fraud Prevention and Data Protection

You don’t think it’s going to happen to you….

Each year, millions of dollars are lost through employee dishonesty, negligence and fraud.  Most cases involve persons in positions of trust and their abuse of that trust causes not only financial difficulties, but emotional pain as well.  As an employer you have a duty to make sure that you DO NOT put that temptation in front of your employees. 

Deficiencies in internal control can have devastating effects on the company.  For instance, one trusted employee of a local company manipulated the monthly bank reconciliations and embezzled thousands of dollars from the unsuspecting owner.  At another company the bookkeeper neglected to do the daily backups of the company data processing, and all the records had to be recreated when the computer system failed. 

Through a review of your company’s internal control and data protection policies, our staff can help you implement procedures that will help ensure the protection of your assets.  Stanfield and O’Dell has uncovered many disappointing instances of employee fraud that could have been prevented through proper internal control procedures.  In ALL instances, the employers were shocked to learn that the thefts, without exception, involved trusted employees, business associates, friends and even family members.

At Stanfield and O’Dell, we are committed to helping you secure your assets by identifying weaknesses and suggesting solutions that will eliminate potential opportunities for dishonest workers.

Let us spend a few hours securing your internal control system to help you protect your company.