Effective Operations and Controls for the Small Privately Held Business

In a Sarbanes-Oxley world that combats some of the practices that created financial abuses in a number of major corporations the small business, both public and private, due to its nature may be even more susceptible to such financial abuses. However, without effective financial and operating controls, many of these abuses go undetected. This book outlines the development of an effective control system for the small business that is cost effective and enhances operations and resultant profitability. With all the fuss about Sarbanes-Oxley and the large publicly held entity, it is the non-regulated small business and its need for controls that has been neglected. The tentative contents is: (1) Understanding the Small Business Environment; (2) Introduction to the Internal Control Environment; (3) Operational Control Considerations; (4) Sales Function Controls; (5) Direct Cost Controls; (6) Accounting Function Controls; (7) Reporting Control Considerations; Afterword; Appendices: (A) Computer Processing: IT Control Considerations, (B) Specialized Industry: Not-for-Profit Control Considerations, and (c) Controls by Type of Business.