Jeff Williams
speaker
368 appearances
3 recordings
1 series
first heard Jun 2026
last heard 6 Jul
Jeff Williams’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 2.
Appearances
Those kind of folks who are spending money that you trust to manage that well, but it's a debit card.
So whatever they spend comes right out and you can see it quickly.
Another safeguard that I put in place is just separation of duties.
Like the person who can approve expenses, like even the CFO, they're not somebody who also reviews the bank reconciliations or does the bank reconciliations.
You might have somebody like your controller do the bank reconciliations, but they can't approve any financial transactions.
They are only allowed to record them, but they can't approve them.
That has to be approved by somebody else that doesn't have the authority to go and do bank reconciliations.
a checking account, set a limit as low as you feel comfortable with to where if it's above that limit, it requires two signatures.
And it has to be physical signatures.
And a lot of times that's going to be, again, your CFO, your operations person, or one of your owners.
Doing those kinds of things are the big ones that come to my mind as far as controls that are going to help you
know that things are being handled well, and there's always somebody watching.
Oh, another thing that comes to mind is having, what we used to do was we would always require the person who was doing the bank reconciliations and paying the bills to always be required to take a week's vacation.
And then check the mail while they're gone.
To see if anything comes in, maybe there's a bank account that has their name on it that's coming in.
Or maybe you walk by their desk and see that there's a bunch of undeposited checks sitting under their stapler.
It's always just, it's trust but verify.
The depravity of man is pretty deep.
We don't have any debt.
We don't have any credit cards.
Showing 181–200 of 368 · page 10 of 19
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