Stoney-Wilson’s review of one client’s financial reporting uncovered several significant shortfalls in how they were accounting their performance numbers and in how they were reviewing and managing their numbers. One critical finding was that their CFO had been embezzling thousands of dollars from the company for several months. This was due to the company’s poor financial reporting, lack of ownership oversight and inadequate checks and balances. Today, after recovering more than $57,000 from the former CFO, the company has excellent reporting and oversight processes in place.

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