Fraud Prevention Tip #8: State Anti-Fraud Expectations

Fraud Prevention Tip #8: State Anti-Fraud Expectations

This simple no-cost tip is missed by the majority of organizations. From the CEO down to first level supervisors, anti-fraud expectations must be said out loud. Make it a requirement that during a staff meeting every supervisor share their personal expectations with their subordinates. While discussion tailored to each supervisor’s own beliefs works best, here […]

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Positive Work Environment

Fraud Prevention Tip #7: Build a Positive Work Environment

Here are nine things every employee expects and deserves when they come to work. These are the essentials of a positive environment, and they are the checklist items I use in my consulting work when I evaluate whether the environment is positive and supportive, or negative or in need of an overhaul. As you review […]

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Fraud Prevention Tip #6: Blow-Up Flawed Beliefs

Fraud Prevention Tip #6: Blow-Up Flawed Beliefs

Just before lunch at a full-day Fraud Risk Management Skills training program, Jackie raised her hand. And boy did she raise a tough point! All she said was, “Most of our managers simply don’t believe we have a problem with fraud. They believe that’s a problem other companies have. Not us. What can we do […]

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Fraud Prevention Tip #3: The Chief Executive Must Lead the Anti-Fraud Charge

Because they sit at the very top of the organizational pyramid, CEO’s are by definition the Chief Risk Officer – regardless of whether someone reporting to them actually has that title. And when the CEO gives an order, everyone else responds. That’s why the CEO must lead the charge against fraud. Preventing fraud is a […]

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Boss in his office reading newspaper - the business section

Fraud Prevention Tip #2: Fight Through What Holds You Back

As CFO for his $3 billion company, David has a lot on his plate. Rapid growth, thin controls in new overseas markets, monthly and quarterly reporting deadlines, and overseeing a staff of over 75. Fact is he just never gets time to actively address fraud risks. He knows he should. But so far his efforts […]

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