COFA’s, are you reviewing your bank reconciliations properly?
This blog explores the relationship between the COFA and the accounts department and the importance of giving the monthly bank reconciliation more than just a cursory glance.
This blog explores the relationship between the COFA and the accounts department and the importance of giving the monthly bank reconciliation more than just a cursory glance.
The thought of going paperless may at first seem very daunting, especially when a firm has been running paper-based files forever. The change itself can sometimes seem like a summit which is impossible to climb. The key however is to ascertain what resources are available and how we gain easy access to digital files.
In this article, I explore some of the reasons given by firms for not using a legal cashier.. I will explain why I believe this course of action is flawed and assert that every practice should have a legal cashier no matter it’s size.