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Oct 17B2B CFO

Anaheim police union worker charged with taking more than $360,000

Oct 17B2B CFO

The Anaheim police union could have avoided this alleged embezzlement if they had proper business controls in place.  One thing that most business owners learn is that they must have proper business controls in place in order to protect employees from themselves.  This may sound jaded, but there are many examples of good people falling victim to weak internal controls.  It may start very small and if not caught can escalate to the level seen in this example.  As a CFO one of the areas that we look at is proper internal controls.  For my clients I will not be a signatory on any clients accounts, but will act as a part of the internal control process.

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