Still Using Paper Checks?, ACFE Fraud Report & Stanley Cup History
May 2018 News
In our April newsletter I mentioned that I was attending the Association of International Certified Professional Accountants (AICPA - formerly the American Institute of Certified Public Accountants) board meeting of the Joint Trial Board (JTB) in May. The two day meeting was held in Austin, Texas. The goal of the JTB is to hold the members of the AICPA to the highest ethical and professional standards that govern our profession. I was joined by 35 fellow CPA's from across the nation, 6 AICPA attorneys, members of the AICPA peer review and ethics divisions, and JTB administrative personnel. The entire program was highly organized and informative. I thoroughly enjoyed meeting everyone and spending time in Austin. If you have never been, go. Great people, weather (300 days of sunshine per year) and music.
This month our first article discusses technology for small businesses with a focus on check writing. Yes, there are small business owners that still use a manual checkbook and keep manual records. Our articles of interest include the Association of Certified Fraud Examiners 2018 Global Report to the Nations and a bit of fun hockey history since the hunt for the Stanley Cup is on.
Small Businesses Need to Board the Technology Train
All businesses, regardless of size, have benefited from technology becoming very user friendly and affordable. Business has become global and digital. Gone are the days of having to be in the same location to work together, attend meetings and use the same documents. Over the past decade the transformation of software platforms has changed the way business is conducted daily. Small businesses have benefited greatly, but too many are lagging. Reasons used are “we are too small” or “what we do has been working fine for years”.
2018 ACFE Global Report to the Nations is available
In April the ACFE (Association of Certified Fraud Examiners) released their 2018 Global Study on Occupational Fraud and Abuse. This is the largest and most comprehensive study of occupational fraud to date.