Internal Control for Small Escrow Companies: Preventing Fraud & Protecting Funds

In this episode of Debits & Credits, Michael C. Haas, CPA, shares practical internal control strategies to help escrow owners and managers strengthen financial oversight, reduce risk, and safeguard trust accounts. Michael covers important practices such as bank reconciliations, dual approval for wire transfers and checks, independent wire verification, positive pay, internal escrow file audits, and regular financial statement reviews. He also emphasizes the importance of segregation of duties and active owner involvement in day-to-day operations. Whether you own or manage a small escrow company, these practical tips can help protect your business, your clients, and their funds. Subscribe to Debits & Credits for expert insights on accounting, taxes, escrow, and business compliance from Haas & Dawe, An Accountancy Corporation. #EscrowCompany #InternalControls #EscrowFraud #FraudPrevention #TrustAccounting #EscrowCompliance #WireFraud #BankReconciliation #EscrowManagement #CPA #DebitsAndCredits