Fraud Prevention Tip #22: Look for Fraud Indicators, Symptoms and Red Flags

In business organizations, fraud often leaves clues in the records. These clues are called indicators, symptoms or red flags. They are the visible signs that something is wrong. And they are the signposts employees need to point out where to look and exactly what to look for in their efforts to prevent and find theft, […]

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fraud deterence

Fraud Prevention Tip #21: Four Daily Behaviors at the “Anti-Fraud Moment”

Supervisor Mike said, “Just cut to the chase. What exactly should I be doing every day to deter fraud on my watch?” OK – here you go Mike. This is as simple as it gets. Fraud is deterred at what I call “The Anti-Fraud Moment”. This moment occurs every time you have a pen in […]

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blind trust fraud prevention

Fraud Prevention Tip #20: Determine Why Anti-Fraud Controls Break Down

Hands down. Not even close. The number one question asked during my live fraud prevention seminars is (drum roll please!): Why Do Anti-Fraud Controls Break Down Over Time? From my work with clients, here’s a list of ten reasons why controls break down. How many do you have today? And as you keep score, here’s […]

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Fraud Prevention Tip #19: The Importance of Effective Screening

Fraud Prevention Tip #19: The Importance of Effective Screening

Terry’s hand shot up. “I’ve heard our internal auditors talk about the need for ‘effective screening’ for years – but no one seems willing to go into detail about what it means. What should I be doing? What specific actions should I take?” Great questions from a truly concerned supervisor. So let’s break it down […]

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Fraud Prevention Tip

Fraud Prevention Tip #18: Daily Preventive Behaviors

Fraud has many names: embezzlement and theft, financial manipulation, kickbacks and other shadow deals, misconduct, and outright wrongdoing. But in 90% of the cases I’ve touched over 37 years, there was one thing in common: formal control procedures without the related human competence and daily attention to detail created false security about fraud prevention. Anti-fraud […]

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