Strengthening Internal Controls – What’s In Your Toolbox?

There are many proven methods to prevent fraud but a big part of any effective fraud prevention methodology involves strengthening internal controls. Many mistake internal controls for a one time effort, when in actuality “if the only constant is change…” internal controls should be reviewed on a regular, or scheduled, basis and evaluated against the plan, the effectiveness and the current business environment with immediate changes made as needed.

This is a new piece I wrote on strengthening internal controls for CSO Magazine, their online presence: CSOonline and a few other publications in their stable. I have been asked to submit regular material and as a contributing writer this is really not a technical piece, but a compilation of experiences, lessons learned over the years and best practices developed working exclusively in the private sector.