Internal controls are more important than ever. Small to medium sized businesses face a unique challenge: implementing strong internal controls with limited resources. This luncheon will equip you with practical strategies to design and maintain effective internal controls even when full segregation of duties isn't feasible.

You'll learn how to:

• Evaluate and implement fundamental operational and accounting controls tailored for small to medium sized businesses.
• Strengthen controls over cash receipts, cash disbursements, fixed assets, and inventory.
• Segregate duties and apply compensating controls to reduce fraud risk.
• Assess risks specific to smaller organizations and implement preventive, detective, deterrent, and compensating controls when resources are limited.
• Apply technology-based fraud prevention and detection techniques; as well as, ways to secure your information systems and sensitive data.
• Establish a company culture that supports a strong control environment.

Real-world constraints mean not every theoretical control can be implemented. This course provides realistic, actionable solutions to help your organization mitigate risk and maintain accountability, even with limited personnel and resources.

Sorren, Idaho's largest CPA Firm and a Top 50 US accounting firm, has been a long-time supporter of CFMA and specifically the Idaho Chapter. In fact, one of the local founding partners led the way to the Idaho CFMA Chapter reformation in 2011 and several of Sorren's partners have served on the Chapter Board of Directors over the years. The Firm's support through providing expert presenters, hosting events, and many years of sponsorship has allowed the Idaho Chapter to flourish over the years. 

Cheryl Guiddy is the Chief Practice Officer at Sorren. With over 30 years of experience in financial and tax services, Cheryl supports individuals, nonprofits, and businesses across a wide range of industries. Her specialties include nonprofit, construction, and professional services, where she serves as a strategic consultant and problem-solver. Cheryl has led hundreds of audits, reviews, and compilations for organizations ranging from engineering firms and municipalities to pension plans and HUD projects. 

Beyond compliance, Cheryl offers expertise in general business consulting, guiding clients through entity selection, tax planning, board governance, and the implementation of internal controls. She’s known for translating complex financial concepts into actionable insights that help clients make confident, goal-driven decisions. Cheryl was appointed to the Idaho State Board of Accountancy by the governor and served from 2011 to 2016, including a term as board chair. She continues to serve her community through leadership roles in multiple organizations.