Have you ever noticed how one little error, such as a misplaced number, has the potential to cause a lot of damage? It happens all the time. A business is, after all, a team of humans working together to produce a certain result. And we humans make mistakes.
On any given day, a check may go out without approval or a quote in the wrong amount may be sent to an important client. These oversights can be expensive because fixing them can cost you money and hurt your business’s reputation.
How then, can we prevent errors? I recommend implementing a concept I learned in my years as an auditor: three levels of review.Read More