The chief accountant is one of the key figures in the company. The reputation of the company in the eyes of counterparties depends on his work, as well as the presence or absence of claims from regulatory authorities, such as the tax office, the social insurance fund and others. If errors occur in the work of the chief accountant, the organization will face fines. Therefore, the head needs to exercise control over the activities of the accounting department.
TOP-4 common accounting frauds
If the chief accountant is "not clean on hand", he will carry out manipulations with the company's finances in his favor or in favor of interested parties. The most common schemes for leaking company funds:
- Dead Souls. When paying wages, the money is transferred according to the statement to front persons who do not work at the enterprise.
- Unknown translation. The accountant pays for a service that was not actually received by the company by transferring money to the bank account of the company concerned.
- Unclosed subreport. The employee subscribes money to himself and spends on personal needs, and in the report attaches expense documents that are not related to the activities of the enterprise.
- Collusion with contractors or storekeeper. This scheme involves third parties who, having agreed among themselves, ship goods of inadequate quality to the warehouse for a rollback.
These are only those cases when the chief accountant intentionally steals from the company. But an accountant can also have unintentional errors in calculating taxes, compiling a balance sheet, or performing other transactions. And any mistakes in tax returns will entail extraordinary checks, fines, blocking of a bank account and other consequences.
To avoid problems, the manager needs to regularly check the work of the chief accountant. He can do this on his own, if he has a sufficient level of knowledge, by creating an additional control department in the enterprise or by using a third-party organization for accounting audit .
How do you know if something is going wrong?
When a company regularly receives warnings or fines from the tax office, the manager immediately realizes that there are obvious problems in accounting. But how to understand that an accountant keeps records poorly if there are no claims from regulatory authorities?
One of the signals that not everything is in order in accounting is the refusal of banks or investors to provide money, or a loan at very high interest rates. When deciding whether to issue a loan, financial organizations carefully study the borrower's reporting and assess the
