Policies are crucial to a successful business. Without them, it's impossible to consistently control and keep track of all the things that happen day to day. It's great to see others as excited about the topic as we are at First Reference. Last week, Scott Lowe outlined on TechRepublic, "10 things to consider when creating policies." And it's not just IT policy he's interested in.
Reducing the risk of fraud from both external and internal sources is something that all businesses have to consider at some time, or continually, depending on the owner's approach and taste for living on the edge. But seriously, fraud is a serious problem that can damage or even destroy a business, particularly small and medium ones, which can't afford the potential losses.
Jeffrey D. Sherman is the lead author of all four volumes of First Reference's Internal Controls Library: Finance and Accounting PolicyPro (including Operations and Marketing PolicyPro), Information Technology PolicyPro and Not-for-Profit PolicyPro. While we knew our internal control publications were in good hands before, we don't mind saying we're especially proud to have Jeffrey's name on them now.