Lewis, Hooper & Dick, LLC :: Certified Public Accountants

Volume 3 Issue 1

Internal Controls – Just the Start of a Fraud, Waste and Abuse Prevention Program

In difficult economic times an increase in fraud, waste and abuse in organizations occurs. The importance of a well developed system of internal controls can quickly become apparent in preventing such problems. The American Institute of Public Accountants (AICPA) has developed a white paper discussing the concepts of internal controls and their importance in preventing fraud, waste and abuse.

A Difficult Task

Downsizing is difficult for any organization. What should you do if you’re faced with having to downsize? The best plan of action is to fully assess your current situation, formulate several possible scenarios to achieve your financial goals, and do a thorough analysis of the expected impact each will have.

New Credit Card Law Protects Consumers - Summary of key provisions in the new law

The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (CARD) was signed into law on May 22, 2009. This new federal legislation is intended to protect consumers from certain practices in the credit card industry. With a few exceptions, the CARD changes are slated to take effect on February 22, 2010. Here is a roundup of several key provisions in the new law that may impact your entity.