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12/14/2017· Economics

Why Law Firms Need Internal Controls

By: Michael Garibaldi, CPA, ABV, CFF, CGMA

Most lawyers know how big a problem occupational fraud is in corporate America. They may even count as clients companies that have been defrauded and suffered significant losses. Yet a "not at my firm" attitude persists among many partners who take for granted the honesty and integrity of their colleagues and staff.

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