In the world of business, problems arise every day. A simple mistake in financial reporting can lead to consequences that set your business back. Keep your business moving forward with Darnall, Sikes & Frederick. We apply our technical expertise to a complete range of accounting and financial services in order to provide you with the security your business needs.
Receivables can mean fraud risk — here’s how to reduce it
One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Lapping is one popular receivables scheme when perpetrators apply receipts from one account to cover misappropriations from another. Dishonest employees also often abuse discounts and write-offs. To stop occupational thieves, be sure to segregate the duties of accounting staff, require all employees to take vacation time and have management regularly review the books. If you suspect fraud, engage us to scrutinize receivables records for irregularities.
February 26, 21
How can your business benefit from the Consolidated Appropriations Act?
The Consolidated Appropriations Act of 2021 (CAA) was signed into law in late December. The sprawling legislation contains billions of dollars in additional stimulus funding in response to the COVID-19 pandemic, as well as numerous unrelated provisions.
February 25, 21