|Post by Practice Group Chair |
In the wake of convicted staff accountant Rachel Duncan's embezzlement plot and Sponseller's tragic suicide, the reformed S.C. Restaurant and Lodging Association has taken several precautions to prevent any fiscal discrepancies within the organization:
- tasking an outside accounting firm with compiling quarterly reports for the board
- developing a finance committee within the board to review these reports as well as an audit committee to conduct annual reviews
- ramping up security and documentation for all accounting and banking processes handled internally
You can read more about the new South Carolina Restaurant and Lodging Association in the State Newspaper.