Interviews are a key part of your auditor’s evaluation of your fraud risks. But in-person interviews may not make sense in the COVID-19 era. Videoconferencing can be a good alternative. It provides safety while retaining the visual benefits of in-person interviews that are critical to assessing an individual’s honesty and reliability. For example, videoconferencing can allow auditors to detect smirks, eyerolls and other nonverbal cues of dishonesty. You can facilitate this process by anticipating the types of questions your auditor will ask and ensuring your managers and accounting personnel are all familiar with how videoconferencing technology works. Contact us for more information.
Family business focus: Addressing estate and succession planning
The future often weighs heavier on the shoulders of family business owners. Their companies aren’t just “going concerns” with operating