Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

We're Here to Help You Stay Compliant, Not to Judge

25 Feb 2025 · 1 min

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In this brief segment, the speaker stresses that the purpose of the discussion is to assist rather than judge, focusing on ensuring compliance with California trust accounting regulations. They warn viewers about the serious consequences of non‑compliance, citing past incidents where a predecessor’s lack of oversight led to significant theft and fraud. The speaker highlights the absence of proper cross‑balancing and checking as key factors that allowed the misconduct, underscoring the need for robust oversight mechanisms to stay compliant and protect assets.

Chapters

Well, this— it's not like we're judging you. We just want to help you and make sure that you remain compliant. California has those rules in place for trust accounting. Why would you want to risk getting it wrong? Just make sure it's compliant. Similar, we've, we've heard about this too. This has happened to us multiple times. We've gotten into a conversation with someone and we'll ask about the predecessor that was doing the role, and we find out that there was theft and fraud. To the tune of a lot of money. Well, there was no oversight. There was no cross-balancing and checking.