TAKING ACTION AGAINST FRAUD: 5 THINGS YOU CAN DO TODAY from CPAacademy.org on Vimeo.
Title: Take Action Against Fraud: 5 Things You Can Do Today
Date: Thursday, March 11, 2021
Time: 11:00 am PST
Speaker: Laura Redmond, CEO of Redmond Accounting Inc.
Description: No one wants to think about fraud occurring in their business, but did you know that the latest research shows that businesses with fewer than 100 employees suffered the highest median loss... to the tune of $150,000. Moreover, the median duration of a fraud - the typical time between when a fraud begins and when it is detected - is 14 months.
Doesn’t sound good, does it? Small businesses feel the impact of a loss this size much more than larger organizations. The good news is, it doesn’t have to be that way. Join us for a discussion on proper controls that accounting firms can put in place for their clients or you can put into place today to protect your business.
Objectives:
- Identify common fraud schemes
- Recognize processes that may be susceptible to fraud
- Determine controls to guard against fraud
About Laura Redmond: Laura Redmond, awarded 2019 Top Client Accounting Services ProAdvisor, is the CEO of Redmond Accounting Inc (RAI). Founded in 2005, RAI is a boutique accounting firm providing client accounting, advisory, and consulting services centered around QuickBooks Online and its ecosystem of apps. Laura created Aero Workflow, an app used by accounting firms to distribute their knowledge capital, delegate work to a distributed workforce, and manage service delivery. Laura co-authored many of Intuit’s QuickBooks Online certification programs for accountants and presents sessions at national accounting technology conferences.
