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I’ve been working on matrimonial engagements for over 30 years and have handled thousands of cases
Best practices tip for matrimonial engagements’ (Certified in Financial Forensics) Subject expert, designed and question writer and reviewer; CSO, content Specific Outline, discovery, Laws and courts, expert testimony Family Law) verified by Psychometrician
That’s one reason I depicted the opening side with the battle of Balaclava, where the British Light Brigade was ordered to advance even though heavy canon was locating on both sides of the valley. Often in matrimonial engagements you are requested by attorneys and/or clients to handle incredibly complex task in very short time and then be confronted with depositions and trial testimony. Just like the light brigade we are often outgunned and outmanned, and sometimes are own attorneys and clients contribute to the confusion. I plan on giving you some pointers at least so you understand the basics.
when you perform matrimonial engagements, I want you to remember Lord Tennyson’s poem
In baseball you bat 300 you make it to the hall of fame; in matrimonial engagements you need to bat over 980.
Posted October 17, 2019 by Robert A Bonavito in Matrimonial & Divorce
In the 21st century the most important asset of any company is its human capital or what’s better known as employees.
Having motivated hard-working honest employees is what separates great companies from all the rest.
Not sure if you ever have worked in one of the retail stores at the local mall. But if you did you notice something very curious; the companies seem overly concerned about employee theft. When employees show up for work they required to in most leaves and other close items in a separate location, they are restricted as to how they can access inventory, gift cards and the cash register.
The reason for this is that these retail franchises realize that the people most likely to steal from them are their own employees.
Unfortunately, one little known fact is that every year over $50 billion is stolen by employees, in fact 75% of employees have stolen at least once from their employer. This is based on studies by the Association of Certified Fraud Examiners ACFE
The US Chamber of Commerce has indicated that employee theft was a main factor in 33% of all US bankruptcies.
Who are the employees that are responsible for the theft, 59% are men. 34% have at least a bachelor’s degree.
Why do employees steal?
Two widely used fraud assessment tools that explain this are The Fraud Triangle, opportunity perceive pressure and rationalization and the other is M.I.C.I which stands for money ideology, coercion, ego
How to prevent employee fraud:
Good hiring procedures is the first line of defense
Have a detailed employment application prepared
Do a thorough check of employee’s applications including calling previous employers perform a credit check
Make a copy of the import port and documents from the employee such as driver’s licenses and other information.
Remember the formula employee theft probability = perceived risk of detection plus expected penalties
Important to set up an anomalous tip lines and suggestion boxes
Have a positive work environment have a clean desk policy
Focus on the small stuff
Posted August 16, 2019 by Robert A Bonavito in Forensic Accounting
Understanding accounting, understanding T -Accounts and debits and credits, understanding deferred income and expenses, father of accounting, Luca Pacioli, how to learn accounting in 10 minutes or less. History of accounting, the language of business accounting, Posted June 18, 2019 by Robert A Boanvito in Educational Videos
