Fraud Prevention: Look, Listen, and Verify

Fraud Prevention: Look, Listen, and Verify

a hand slipping a dollar bill out of a suit jacket pocket October 11, 2016 By: Michele M. Heyman, Billy Petty, and Cecily Raiborn

Protecting your organization against fraud doesn't have to entail hiring expensive risk-management services or implementing complicated internal controls. Some of the best ways to guard your organization are the simplest, such as taking a good look at your mail, your financial reports, and your staff.

Employee theft is often discovered accidentally because suddenly someone finds there was a problem, such as thousands of dollars paid for personal purchases using the company credit card or checks written to and endorsed by an unauthorized person in the bank records. But most fraud occurs slowly over time and goes unnoticed because those in charge weren't looking. ...