{"id":101891,"date":"2022-09-12t12:00:00","date_gmt":"2022-09-12t16:00:00","guid":{"rendered":"\/\/www.g005e.com\/?p=101891"},"modified":"2023-05-04t10:24:12","modified_gmt":"2023-05-04t14:24:12","slug":"the-priorities-were-backward","status":"publish","type":"post","link":"\/\/www.g005e.com\/2022\/09\/12\/the-priorities-were-backward\/","title":{"rendered":"the priorities were backward"},"content":{"rendered":"

\"businessman<\/a>what is the worst thing that could happen?<\/strong><\/p>\n

by ed mendlowitz
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call me before you<\/em> do anything: the art of accounting<\/a><\/p>\n

when i was a junior accountant an eon ago, my boss would always give me the cash to reconcile or audit, the minutes to \u201cabstract,\u201d and the internal control questionnaire to go over with the controller or bookkeeper.
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then when i became a manager, i continued this practice of having lower-level staff perform these procedures. i now consult with many accounting firms and find it is still being done that way. i stopped it many years ago and wonder why it\u2019s still widespread.
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