Thu, Aug 17|
Mountain States Bldg, 1st Floor Training
Lunch and Learn: Fraud Prevention Part 2 with Brett Newberry
Mr. Newberry will discuss the importance of best practices when establishing a company's internal controls and policies to reduce the occurrence or prevention of fraud in a business. Family business owners and their advisors are invited.
Time & Location
Aug 17, 12:00 PM – 1:00 PM
Mountain States Bldg, 1st Floor Training, 5051 Journal Center Blvd NE, Albuquerque, NM 87109, USA
About the Event
Lunch and Learn Board Meetings present forums to hear from our directors who are either advisors to family business owners or are owners of family businesses. Attendance and lunch are free but we do ask you to make a reservation to ascertain number of guests for meals.
For a review of Fraud Prevention Part One, see "Small Business: Learn about fraud from New Mexico's Fraud Doctor" Albuquerque Journal Business Outlook July 5, 2023 by Journal staff writer Cathy Cook.
Speaker: Brett Newberry, CPA/CFE, President of Newberry & Associates, Ltd, The Business Doctor.
Mr. Newberry will discuss the importance of best practices when establishing a company's internal controls and policies to reduce the occurrence or prevention of fraud in a business. Family business owners and their advisors are invited. Controls and policies discussions will explore:
- Existing policies to prevent fraud
- Fraud risk assessment tools
- Key questions to family businesses need to address
- Structure of your operating board
- Job descriptions
- Pre-employment background checks
- Payroll run review for duplicate names or Social Security numbers
- Vendor reviews
These fraud risk assessment tools are a small sample of the tools available to develop your internal policies to prevent fraud. Mr. Newberry, a highly sought after speaker, has been a director on the Parker Center for Family Business since its inception and a lecturer at UNM Anderson School of Management. PCFB offers educational opportunities for family owned businesses and their professional advisors to further the family's success and enrich the economic development of New Mexico.