CPAs Share Fraud Prevention Tips

SALEM, NH - Two CPAs from Nathan Wechsler and Company, P.A., a full service accounting and tax firm with offices in Concord and Lebanon, shared their knowledge in the niche areas of charter school finance and fraud prevention as part of the firm’s commitment to community engagement, according to a press statement.

Kelli D’Amore and Ashley Major, both CPAs, presented at the Best Practices Conference in Salem at the Birches Academy of Academics and Arts, hosted by NHPSCA on March 18, 2016. The pair will take to the podium again on June 7, 2016, in partnership with Northway Bank for a Fraud Prevention seminar in Concord hosted by Orr & Reno.

“We always appreciate the opportunity to help organizations make smart financial decisions,” said D’Amore, principal at Nathan Wechsler. “Regulations can change and best practices can evolve, so raising awareness about important issues – especially around fraud prevention and charter school compliance – is an important way we serve our community.”

The charter school conference drew attendees from all over the state and was formatted into breakout sessions. Kelli and Ashley’s session was attended by eight different school leaders, who learned about accounting and finance best practices, how to design appropriate internal controls and audit and tax compliance. Charter schools are public, tuition-free schools with unique programs and goals based on the educational needs and interests of a particular community. New Hampshire currently has 25 charter schools, each with varied and complex financial nuances.

Later this spring, the two CPAs will lend their expertise about fraud prevention at a special seminar hosted in partnership with Northway Bank. On June 7, D’Amore and Major will discuss identifying fraud risks and will examine current examples of common fraud areas with tips for how to prevent it through proper internal controls.

“There are several tools available to businesses to help prevent and detect fraud, as well as strict guidelines around what they can and can’t do when it comes to this important aspect of accounting,” said Major, supervising senior at Nathan Wechsler. “Each business and industry is unique when it comes to ways fraud may happen, but the impact is often crippling regardless of where you operate or what you do.”

To register for the upcoming fraud seminar on June 7, contact Kelli at kdamore@nathanwechsler.com. To learn more about Nathan Wechsler & Company’s commitment to community service, visit nathanwechsler.com.