‘Retail Operations’ Posts

 

Internal Controls Are Key – But They Have To Be Challenged To Be Effective

Read full article  | No Comments

Hannaford Brothers Co. was a good place to work, as I said elsewhere on this blog. They had a strong commitment to good internal controls from the very top to the bottom of the ladder. But they also had a professional and effective internal audit function. STILL, fraud was occurring all the time. Sure, there […]

Read More

WHAT??!! ANOTHER multiple-victim embezzler?

Read full article  | No Comments

I have an earlier post promoting criminal background checks for employees who have access to cash and accounting records. Here is just one more example of a company being penny wise and pound foolish. They saved a few bucks by not performing a criminal background check on a bookkeeper with, I’m going to guess, pretty […]

Read More

Fear and Loathing on the Audit Trail

Read full article  | No Comments

I spend a reasonable amount of time thinking about why management disasters occur and what might have been done to prevent them. Preventing a disaster is much less expensive in every way, especially the human toll, than cleaning up a disaster. When I worked for the supermarket company, We were among the top well managed […]

Read More

Employee Relations – I think this is an aspect of internal controls

Read full article  | No Comments

Me being a left-brain, analytical sort of person, the touchy-feely world of the human resources world seemed odd and uncomfortable to me early in my career. But fortunately, I tried to pay attention and also received some quality formal training in supervisory skills along the way. How you treat people, employees, coworkers, vendors and customers, […]

Read More