Four ways to add control to your systems.
By Ed Mendlowitz
77 Ways to Wow!
Various professionals and consultants can set up controls with in-house accountants, the CFO and financial professionals employed by the firm, but they then leave, and the organization is left with administering it. Unless there is a highly disciplined and committed leadership within the company, the initial enthusiasm dissipates soon after.
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A trained forensic professional will detect flaws and cracks in systems and plug them up. They are also transaction-oriented, more than procedure-oriented, so they examine more closely how things are being done and look for subtle deviations from how they are supposed to be done. This skill should be employed in oversight and periodic monitoring of the controls they helped establish.
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