News & Events

Fight Fraud: Review Your Master Vendor List

Linda Pearson, CPA, CFE, shares why she is pleased to see an article citing the importance of reviewing your company’s master vendor list to fight fraud. Marlon Williams’ article published February 6, 2014, has captured the same reasons why, at Sansiveri, Kimball & Co., L.L.P., we recommend that our client’s perform this procedure at least once a year. The procedure should be performed by a management-level person who does not participate in processing cash disbursements. The review should be of a report obtained directly from the accounting system and include total purchases by vendor. To read the article [click here].