Internal Controls : D.E. Rodrigues and Company

Every small business should establish controls

Written by Doug Rodrigues February 19, 2014

Every week reporters publish stories about companies that have lost thousands, even millions of dollars because of fraud. They recount the dreadful details of business owners who learned – too late – that a lack of basic controls left their companies vulnerable to pilferage, embezzlement, and other types of misappropriation. How do these lessons apply to small businesses? After all,...

Keep an eye on your company's cash

Written by Doug Rodrigues June 21, 2013

Do you regularly monitor your company’s cash accounts? You should. Even if you leave the job to your bookkeeper or accountant, you should stay aware of where the cash is going and how the spending is approved. Along with inventory “shrinkage,” theft or improper expenditures of cash are among the chief sources of loss for small companies. Periodically, you hear...

All Companies Need to Establish Controls

Written by Doug Rodrigues January 21, 2013

Unless the owner handles all aspects of computing and paying payroll, there is room for fraud in every small business. The fact that your company has only a few employees does not guarantee that you will be safe. Perhaps one of the easiest payroll fraud techniques is the overpayment of withholding or payroll taxes. Your bookkeeper simply overpays the government....

D.E. Rodrigues & Company, Inc.

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Tag Archive: Internal Controls