Fraud Prevention Tip #49: How to Deal with Employee Theft

Fraud Prevention Tip #49: How to Deal with Employee Theft

Anti-fraud efforts usually lean towards managing external threats. But your largest exposure is from employees simply because they are already inside your circle of trust. When we find out that a trusted employee has been stealing from the organization, it can be really difficult to know how to proceed. The theft in question could be […]

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Fraud Prevention Tip #48: Suggestions for Small Businesses, Small Government and Not-for-Profits

Fraud Prevention Tip #48: Suggestions for Small Businesses, Small Government and Not-for-Profits

Most smaller businesses, local governmental entities, and not-for-profits face the inherent risk of insufficient staff and limited control resources. These special challenges require extra effort by anti-fraud leaders. Here are seven ideas that will help. Create a written Code of Conduct that addresses routine and non-routine situations staff will encounter in performing their work. Provide […]

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Approving Travel and Entertainment Expenses

Fraud Prevention Tip #37: Approving Travel and Entertainment Expenses – Good Questions to Ask

Many employees, contractors and consultants incur travel, entertainment and other out of pocket costs while on business trips. And fraud and abuse in out of pocket reimbursement is a well-known concern. We’re expected to know the details of these trips in sufficient depth to be able to competently review the expenses submitted for reimbursement. That’s […]

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third party organizations

Fraud Prevention Tip #34: Tell Suppliers & Contractors How To Do Business With You

Healthy relationships with suppliers and contractors are critical to the success of pretty much every business organization. But blind reliance on these third parties can leave us exposed to many risks – including misconduct and fraud. Even highly ethical suppliers and contractors can see their integrity efforts undone by just one of their employees who […]

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Managing 3rd Party Risks

Fraud Prevention Tip #33: Special Attention to Managing 3rd Party Risks

One fraud risk area of special concern comes from relationships with third parties. Here’s why. Your organization’s relationship with employees is governed by law, policy, and operating procedures. There exists a daily ability to supervise, monitor, reward, and discipline individuals. Information needed for these tasks is available with few barriers. Employees generally share the organization’s […]

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