Introductory Accounting

CHAPTER15

Internal Control and Minimizing Fraud Risk

In This Chapter

• The importance of securing your records
• Maintaining your software
• Backup, backup, backup
• Preventing identity theft
• Securing customer information and checks

Internal control means that, as a business owner, you take precautions to secure both your accounting records and the assets of your business. With reports of identity theft, customer account information theft, and more in the media seemingly daily, it’s smart to take basic precautions to keep your company information safe.

In this chapter, we touch on core security measures such as password protection, data backup, identify ...