DiscoverAccounting and AccountabilityEpisode 122: Segregation of Duties: Your First Line of Defense Against Fraud
Episode 122: Segregation of Duties: Your First Line of Defense Against Fraud

Episode 122: Segregation of Duties: Your First Line of Defense Against Fraud

Update: 2025-08-08
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  • IRS Delays & Staffing Cuts
    The IRS is facing a 25% workforce reduction, which may delay the start of the 2026 filing season and limit live support. Hear how this could impact your business and what to expect.

  • Disaster Relief Gets Easier
    New rules make it simpler to deduct uninsured personal losses from state-declared disasters. If you or a loved one faced property damage before July 4, 2025, there may be relief available—but there are key conditions.

  • Temporary Tax Breaks You Might Miss
    The podcast breaks down two new deductions—the $6,000 senior deduction and the $10,000 auto loan interest deduction—for those who qualify. Both are generous, both are temporary, and both come with income limits that could catch you off guard.

  • No, Your Home Sale Still Isn’t Tax-Free
    Despite political promises, the longstanding home sale gain exclusion rules haven’t changed. But we explain why this still matters for your long-term planning.

  • Segregation of Duties—Why It’s Not Just a Buzzword
    If your bookkeeper also cuts checks and reconciles the bank account, you’re at risk. We share real-life scenarios that show how even the most trusted employees can slip—and what to do to protect your business.

  • Small Businesses Are Prime Targets for Fraud
    Fraud in small businesses often flies under the radar, but it hurts more. Learn how to spot red flags like “lifestyle creep” and resistance to oversight before they snowball into major losses.

  • Practical Steps to Protect Your Organization
    From using accounting software the right way to setting up passwords, vendor controls, surprise checks, and insurance coverage—these are simple, actionable ways to create a fraud-resistant culture.

  • The Power of Knowing Your Numbers
    If you can’t explain your financials, you’re handing over control. We’ll show you how to get a grip on your books—without having to become an accountant.

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Episode 122: Segregation of Duties: Your First Line of Defense Against Fraud

Episode 122: Segregation of Duties: Your First Line of Defense Against Fraud

Faw Casson CPAs