How important are separation of duties and strong internal controls in a club environment that does not handle cash and runs on a limited budget?

By Daniel T Condon

Daniel T. Condon, a founding partner at COMD with extensive experience in private membership clubs, discusses the importance of internal controls and separation of duties in a club environment, even if the club does not handle cash and operates on a limited budget. He highlights that fraud can occur through various means, emphasizing the need for effective internal controls.