Protecting your group's financial assets.
On many occasions, groups overlook an important component of risk management, writes David Cooke, CPA, M.B.A. It's what accountants call internal controls, the processes specifically designed to minimize the risk of funds misappropriation and ensure accurate recordkeeping. Cooke explains how to put these controls into place.
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D000066:Accounting / Q000592:standards; D005376:Financial Management / Q000592:standards*; D005607:Fraud / Q000517:prevention & control*; D006123:Group Practice / Q000191:economics*; D012308:Risk Management / Q000379:methods*; D014481:United States