Segregation of Duties: Cash

In previous blogs, I have written on “Segregation of Duties: Accounts Receivable and Sales” and “Segregation of Duties: Inventory and Cost of Sales”.  Have you made the necessary adjustments to your internal control structure to adequately provide these important segregations?  Just to reiterate – these are extremely important if you wish to reduce the risk …

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Due Diligence Tips for Buying a Business – Part II

In following the story about Leonard and Sylvia here are some tips on assets that may save you disappointment after the deal is done. ASSETS Cash: • Cash is generally not included in the sale.  However, cash accounts should be reviewed for large and unusual transactions in the period preceding the deal. Accounts receivable: • Obtain and …

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