Re: [GNC] {GNC} How secure is Gnu-Cash? Good enough for a credit union?
Also, I think most Accounting 101 textbooks include some discussion on basic controls. Regards, Adrien On 12/29/20 5:46 AM, David Cousens wrote: Auditing for Dummies by Maire Loughran is possibly a good starting point for the novice.It will require some understanding of accounting however. Forensic and Investigative Accounting (7th Edition) 7th Edition by Professor D. Larry Crumbley (Author), PhD (Author), CPA (Author), CFF (Author), CrFA (Author), Lester E. Heitger (Author), G. Stevenson Smith (Author) for a deeper treatment which will assume a detailed knowledge of accounting. The second is expensive but Amazon can have 2nd hand copies much cheaper, particluarly earlier editions. Any similar titles. ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] {GNC} How secure is Gnu-Cash? Good enough for a credit union?
Auditing for Dummies by Maire Loughran is possibly a good starting point for the novice.It will require some understanding of accounting however. Forensic and Investigative Accounting (7th Edition) 7th Edition by Professor D. Larry Crumbley (Author), PhD (Author), CPA (Author), CFF (Author), CrFA (Author), Lester E. Heitger (Author), G. Stevenson Smith (Author) for a deeper treatment which will assume a detailed knowledge of accounting. The second is expensive but Amazon can have 2nd hand copies much cheaper, particluarly earlier editions. Any similar titles. David - David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] {GNC} How secure is Gnu-Cash? Good enough for a credit union?
Thanks all, that's very helpful. Can anyone recommend a/the go-to book that outlines (for a novice) those really basic '100 years ago, this is what we did' controls? @Adrien that's interesting and makes sense of the standard term in association rules: 'the Committee must account to the association for the use of its funds'. On Tue, 29 Dec 2020 at 02:16, Adrien Monteleone < adrien.montele...@lusfiber.net> wrote: > While Rich, Dave & Michael have given you great responses, I'll offer my > own condensed version: > > 'Accounting' is not about 'counting' (the math), but rather about > control - "Who controls access to what, and how they are held > 'accountable' for that privilege." > > Study methods of literal 'cash' control, and then consider methods and > means to apply those principles to any non-cash (physical) accounting > you require. You'll find that those basic principles apply nearly > universally. 'Control' (in some cases synonymous with 'access') and > managing it, is key. The application (use case, not computer app) isn't > relevant to the basic question, but is relevant to the details and > complexity of the implementation. > > For example, proper cash handling/accounting and access/control > procedures can catch someone stealing a physical $100 bill, not just the > fact they pilfered $100 total. (I've caught such a case, because those > procedures were in place.) No software can do this for you. This is > entirely dependent on procedure and procedure discipline. > > Regards, > Adrien > > On 12/28/20 6:01 PM, Edward Bainton wrote: > > Can anyone give a view on whether Gnucash is suitable for a very small > > credit union? > > > > How would easily can fraud be detected? > > > > If not easily, could it be paired with, say, some kind of blockchain > backup > > system so as to make fraud detectable? > > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > - > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] {GNC} How secure is Gnu-Cash? Good enough for a credit union?
While Rich, Dave & Michael have given you great responses, I'll offer my own condensed version: 'Accounting' is not about 'counting' (the math), but rather about control - "Who controls access to what, and how they are held 'accountable' for that privilege." Study methods of literal 'cash' control, and then consider methods and means to apply those principles to any non-cash (physical) accounting you require. You'll find that those basic principles apply nearly universally. 'Control' (in some cases synonymous with 'access') and managing it, is key. The application (use case, not computer app) isn't relevant to the basic question, but is relevant to the details and complexity of the implementation. For example, proper cash handling/accounting and access/control procedures can catch someone stealing a physical $100 bill, not just the fact they pilfered $100 total. (I've caught such a case, because those procedures were in place.) No software can do this for you. This is entirely dependent on procedure and procedure discipline. Regards, Adrien On 12/28/20 6:01 PM, Edward Bainton wrote: Can anyone give a view on whether Gnucash is suitable for a very small credit union? How would easily can fraud be detected? If not easily, could it be paired with, say, some kind of blockchain backup system so as to make fraud detectable? ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] {GNC} How secure is Gnu-Cash? Good enough for a credit union?
On 12/28/2020 7:01 PM, Edward Bainton wrote: Can anyone give a view on whether Gnucash is suitable for a very small credit union? How would easily can fraud be detected? If not easily, could it be paired with, say, some kind of blockchain backup system so as to make fraud detectable? Thanks, Edward Fraud detection is a matter of more than one trusted person in control of the books. When you say "blockchain backup" you are addressing a different problem, whether alteration is possible. Note that there are other ways of preventing alteration. For example read only copies being given into the custody of other officers of the credit union. What you should perhaps do is imagine that it was 100 years ago and the books were kept the old fashioned way, pen and ink on paper. What are the fraud risks and what measures would be needed to prevent or detect fraud? Detect is really the key as you can't prevent fraud, only deter it because it would be detected. AUDITING is necessary (do the books reflect the real world -- spot checking that "the paper" matches what has been entered. Understand? Preventing alteration does not prevent fraud. The fraud might be because something was NOT entered. Michael D Novack ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] {GNC} How secure is Gnu-Cash? Good enough for a credit union?
Edward, Fraud detection is more a function of overall accounting practice rather than the accounting software per se although the software implementation can be designed to support it. Reconciliations and procedures around the raising of invoices and paying of bills are often the prime defences. Control of access to money and strict procedures for recording and handling cash where each individual's actions can be checked separately are usually essential. GnuCash is really not setup for implementation of the primary controls where particular functionality is usually handled by separate individuals who only have access to the specific functionality they use and no access to the rest of the accounting system with only a financial controller having system wide access. GnuCash is also not simultaneously accessible by multiple users without the risk of conflict and loss of data. In a credit union situation it is likely you would want immediate entry of cash transactions into the system which might be problematical if you have more than one cashier or site. David Cousens - David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] {GNC} How secure is Gnu-Cash? Good enough for a credit union?
On Tue, 29 Dec 2020, Edward Bainton wrote: Can anyone give a view on whether Gnucash is suitable for a very small credit union? Edward, From my perspective as a long time user and follower of tech security news I suggest your concern should focus on users, not the software. Bad actors prefer to use social engineering (e.g., phishing emails, deceptive web sites) because it's so much easier and doesn't leave signs in networks or individual hosts. Whether it's suitable for your credit union should be based on the use cases needs for any bookkeeping software. My $0.25 (inflation adjusted), Rich ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
[GNC] {GNC} How secure is Gnu-Cash? Good enough for a credit union?
Can anyone give a view on whether Gnucash is suitable for a very small credit union? How would easily can fraud be detected? If not easily, could it be paired with, say, some kind of blockchain backup system so as to make fraud detectable? Thanks, Edward ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
