Mario Nowogrodzki

The Importance of Controls to Small Business

Thursday, 28 July 2011

Good internal controls are essential no matter how small the company for many valid reasons -- fraud prevention, embezzlement detection, accurate financials, the potential to go public and a Sarbanes-Oxley (SOX) compliant customer requiring it, are all reasons to follow good internal control practices. Implementing controls into the financial accounting software alone is not enough to ensure compliance -- it takes people power too.

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