Valuation & Litigation Support
Valuing a Dental Practice
Commercial Goodwill of Professional Practices: Dentists A professional service business (“PSB”) is a service business
Controls Over Cash Management
July 3, 2024
Internal controls over cash are meant to protect and safeguard cash assets. Implementing such controls empowers organizations to limit fraud. How a business approaches cash handling controls depends on the nature of the entity. The cash system in a retail setting will differ from that of a professional services firm. However, in every organization the cash system generally includes cash disbursements (payments), cash collections (receipts) and petty cash. The following are some common internal controls businesses should have in place to protect themselves: Safe storage of petty cash and cheques – Organizations are strongly encouraged to maintain a safe on
Internal Audit Function: Consultants May Be the Key
March 1, 2023
While fraudulent behavior can occur at all levels of the organization, more than half of occupational frauds occur in (1) operations, (2) accounting, (3) executive/upper management, and (4) sales.¹
An Organization’s Internal Control Environment
February 8, 2023
What are Internal Controls? The preparation of reliable financial information is a key responsibility held by every company’s management and thus the accuracy of that information is imperative.
Controls Over Cash Management
July 3, 2024
Internal controls over cash are meant to protect and safeguard cash assets. Implementing such controls empowers organizations to limit fraud. How a business approaches cash handling controls depends on the nature of the entity. The cash system in a retail setting will differ from that of a professional services firm. However, in every organization the cash system generally includes cash disbursements (payments), cash collections (receipts) and petty cash. The following are some common internal controls businesses should have in place to protect themselves: Safe storage of petty cash and cheques – Organizations are strongly encouraged to maintain a safe on
Internal Audit Function: Consultants May Be the Key
March 1, 2023
While fraudulent behavior can occur at all levels of the organization, more than half of occupational frauds occur in (1) operations, (2) accounting, (3) executive/upper management, and (4) sales.¹
An Organization’s Internal Control Environment
February 8, 2023
What are Internal Controls? The preparation of reliable financial information is a key responsibility held by every company’s management and thus the accuracy of that information is imperative.
