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A CPA Can Help You Escape Financial Fraud

Be it tax scam, immigration scam, charity scam, social networking scam, fake check scam, or the grandparent scam, itu2019s causing havoc in the finance world. Can hiring a CPA be a solution to this? Read on<br><br>Also, if you are aspiring to be a CPA check out https://mileseducation.com/cpa

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A CPA Can Help You Escape Financial Fraud

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  1. US Certified Public Accountant (CPA Course) - Miles Education A CPA can help you escape Financial Frauds

  2. US Certified Public Accountant (CPA Course) - Miles Education Reallocating the accounting duties Businesses should have at least two persons handling cash and accounting functions separately, or have the functions performed through a virtual CFO relationship with an accounting firm. This will help in identifying frauds more easily.

  3. US Certified Public Accountant (CPA Course) - Miles Education Recognizing your workforce Background checks should be performed for all staff handling cash or managing payments (and bank account information) from customers. Continuous Scrutiny and monitoring is important.

  4. US Certified Public Accountant (CPA Course) - Miles Education Managing business transactions The key items to look for are missing or out-of-order checks, unknown payment recipients, and checks that were signed over to a third party instead of deposited in a business account. Simply letting staff know that reviewing check activity is part of the accounting review process can help prevent fraud.

  5. US Certified Public Accountant (CPA Course) - Miles Education Asking for an expert consultation At times it may be prudent to hire a professional accountant to come in and perform a more extensive review and audit of the business’ books and control processes. A CPA or Certified Fraud Examiners can provide extensive help in fraud detection and prosecution, if necessary.

  6. Aspiring to be a CPA? Enroll Nowto Earn your US CPA in just 12 months

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