Resources from Pennsylvania CPAs for starting, funding, and growing your small business.
The phrase “segregation of duties” is used by CPAs every day, but what does that mean to the small-business owner? Simply put, segregation of duties means no single person has too much control of a transaction involving important business assets. It is a basic anti-fraud measure.
Establishing a trusting relationship with your business partners is essential. For small-business owners, this trust can be helpful to the bottom line. It is important that the advisers you work with, such as CPAs, understand your business and your plans.