
Cash flow and payment terms go hand-in-hand
One thing that is clear to every business owner is that cash flow is essential to keeping a company running smoothly.
Our team helps identify, recover and prevent losses in your A/P department.
Request your assessmentOne thing that is clear to every business owner is that cash flow is essential to keeping a company running smoothly.
Few businesses can afford to eschew the use of audit solutions.
Taking a hands-off approach to financial management is often a recipe for disaster.
Another case of fraud committed by a former bank employee brought to light the need for accounts payable recovery audits at organizations that handle consumers’ money.
Accounts payable audits have a key role to play at such financial institutions – and a recent case served as a reminder of this fact.
Firms need the assurance provided by accounts payable and recovery audits in order to feel confident that executives aren’t mishandling the funds with which they’re entrusted.
Aubrey Price, a former banker at Montgomery Bank and Trust in Ailey, Ga., was recently arrested during a traffic stop for an outstanding charge of bank fraud.
When oversight of corporate bank accounts and income is consolidated rather than continually monitored through accounts payable audits, fraud can go undetected for quite some time.
Lack of care in financial monitoring can open the opportunity for less-than-trustworthy employees to perpetrate fraud – and often, the results can put an end to a business.
Theresa Leguillow of Allentown, Penn., was recently accused of embezzling more than $100,000 from the local YMCA.
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