Posts Tagged ‘internal control’
I just published my short book, “Once Upon Internal Control” at Smashwords, which means it is now available in several formats:
- Epub – readable on your iPad, Nook, Sony Reader and lots of other e-reading devices
You can preview 30% of the book for free.
What’s this book about? Read the rest of this entry »
Here is an illustration of internal control, a specific mention of “checks and balance”, and the goal of internal control from the 5th century:
From the Fourth Ecumenical Council in 449 A.D.: “As we have learned, in some churches, the bishops administer the material goods of the church without a treasurer; it has seemed right and proper that every church with a bishop should also have a treasurer taken from the clergy who will administer the church’s goods with advice of his own bishop. In this way the administration of the church will not be without checks and balances, the goods of the church will not be dissipated, and the priesthood will be free from all suspicion.”
The quote was listed at LinkedIn by a former colleague, Jennifer Perez, CPA.
That’s too good of an explanation of internal control to let pass without quoting it and making some comments.
I’ve discussed the consequences of fraud extensively on my blog. Even compiled those posts into a book, available at Amazon.
Let’s wrap up a review of the consequences earned by Mrs. Wilson and the impact on innocent people she loves. Here are more things visible in her article:
I’m guessing this covers sentences a lot of ground: Read the rest of this entry »
It is just a feeling.
That is Amy Wilson’s explanation as she describes her journey through embezzlement into recovery as told in this earlier post. Thanks to Mrs. Wilson for granting me permission to reprint her article.
Her article is very good. It is so well constructed that we can analyze it in detail. I’ll have several posts to draw out my reactions to her article.
Trust is not an internal control