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M A R C H , 2 0 1 7
• Complete Janitorial
• Carpet Cleaning
• Hard Floor Care
• Construction Clean-up
• Handyman Services
• Porter Day Service
•Day Maid Service
Total Janitorial
and Building
Maintenance for
Condominium
& Homeowner
Associations!
Our uniformed, bonded
cleaning staff is trained
and ready to help you...
We ensure the quality of their
work through close supervision
and inspections and detailed
record keeping. We adapt quickly
to changing client demands,
including finding creative ways to
reduce costs without sacrificing
service. And we are a leader in
the use of green products to help
protect the environment.
Contact us today for
a FREE consultation
888-876-STAR
or email Neil Betoff at
nbetoff@starbuildingservices.comprocedures that association board may
want to consider are:
• Direct board approval and authori-
zation of all contracts and invoices
• Board review of monthly accounts
receivable and monthly revenue
reconciliations
• Board review of monthly accounts
payable aging
• Board review of monthly paid
invoice listing
Monthly bank statement and recon-
ciliation review by the board. As a
note, the bank statement should not
be reconciled by the same person that
deposits funds or signs checks
The key with all policies, if there are
any unexplained differences, unusual
FRAUD...
from page 33.
charges, or unknown transactions the
Board has the right and responsibility
to follow up with those issues.
Summary
It is clear that fraud can happen with-
in any organization and it is important
to keep a watchful eye over all the
financial transactions. This can be
accomplished by installing a system of
good internal controls which provide
appropriate oversight and segregation
of duties. It is equally important to
select an auditor which has a thorough
understanding of how association’s
operate and that utilize the most up
to date auditing techniques to be most
effective in detecting and preventing
fraud. Vigilance is Key!! Please feel
free to contact me or your Wilkin and
Guttenplan advisor with any specific
issues, questions, or concerns.
n