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Accounting scandal

Posted by yugalale on 01/26/2008 - 06:57

What can be done to avoid accounting fraud scandal?

sogyal rinpoche

  • 2202 reads


lindacavanaugh's picture

internal controls

The best defense is designing and implementing strong internal controls. Make sure that sensitive transactions involve at least two people or departments to help prevent collusion. You also need to check to make sure your internal controls keep working and aren't ignored by the employees.

Posted by lindacavanaugh on 01/28/2008 - 17:45
  • 1 read
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Amidst a certain amount of controversy, the AICPA and the Chartered Institute of Management Accountants have launched a new designation for global management accountants, the CGMA (Chartered Global Management Accountant). The designation is available to members of both organizations.
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