Episode 120:Fraud: Why they do it, how they do it, and what can you do about it?
In this fascinating episode with Forensic CPA, John Tonsick, we discuss many aspects of fraud. Business owners often don't have proper controls on fraud prevention and put their businesses at tremendous risk.
Mr Tonsick suggests the following measures:
1. Be sceptical of team. Trust must be earned.
2. Have numerous layers of controls with regards to the ability to make payments.
3. Hire secondary bookkeeper to audit books.
To reach Mr. Tonsick, please Email john@tonsick.com or you can find him on LinkedIn: https://www.linkedin.com/in/john-tonsick-cpa-cfe-5720b57/
David Chudyk is a Certified Financial Planner(tm) and helps business owners and individuals to make the right financial decisions for them FOR the reasons that are important to them. Click www.calendly.com/davidpf to schedule your time to speak with David about any financial issue or financial question.
Also make sure to visit www.allofmyassets.com and also www.weeklywealthpodcast.com
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