As the CEO of a large and busy company, you may have to delegate certain financial tasks to your various managers and team leaders. You lack the time or resources to manage every aspect of running your business on your own.
However, you also have to protect yourself as CEO, as well as the reputation of your company, from financial misdeeds. You may find it helpful to retain an option like third-party broker dealer services in NY to scrutinize your financial operations regularly.
Detection of Fraud
When you retain this kind of service for your company, you can find out if any of your managers or team leaders are committing crimes like fraud or embezzlement. As busy as you are, you may find it difficult to monitor everything they are doing. You have to trust them to handle your finances on your behalf and with the highest level of integrity.
You can learn if they are worthy of your trust with regular reviews of their practices. You can then take action like firing employees whom the service discovers to be stealing from or defrauding you.
You can also mitigate the risk of your company becoming embroiled in a huge scandal that can cost it money and its reputation. You can find out more about broker dealer services in NY online. To get details about what they entail and what they cost, contact Quadrant Regulatory Group by visiting their website.
