Debits and Credits with Haas and Dawe 15: Trust Accounting Best Practices: Protecting Client Funds
In this episode of Debits and Credits, Michael C. Haas, CPA discusses trust accounting best practices and the importance of internal controls in protecting client funds. Topics include trust account reconciliation requirements under California Code of Regulations § 1732.2, fraud prevention tools such as Positive Pay and Payee Positive Pay, and the role of manual control reviews in identifying errors and unauthorized transactions. Haas explains how strong accounting procedures and banking safeguards help escrow companies maintain compliance, accuracy, and financial security in today’s increasingly digital environment. #haasanddawe #TrustAccounting #Escrow #PositivePay #FraudPrevention #ClientFunds #Compliance #FinancialControls #Accounting #debitsandcreditspodcast

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