Fraud Prevention Tip #50: The Three Key Components of an Anti-Fraud Program

Fraud Prevention Tip #50: The Three Key Components of an Anti-Fraud Program

Somewhere out there, your organization is probably being targeted for fraud right now. Internet-based hackers, international organized crime organizations, and even a small percentage of employees all see your assets and information as too tempting to ignore. But what are the three most important things you must do to deter these barbarians at the gate […]

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board members

Fraud Prevention Tip #41: Train Your Board Members

There is an assumption that once an individual is accepted into a Board position, they are qualified to provide governance oversight of the organization’s anti-fraud efforts. But for most Board members, nothing could be further from the truth. History is filled with examples of corporate corruption and fraud at the highest levels that occurred right […]

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Signatures without thought

Fraud Prevention Tip #36: Approving Invoices – Good Questions to Ask

One of the most common and important management steps is the review and approval of invoices from suppliers, contractors and service providers. Yet few organizations provide meaningful training on how to review invoices. What to check, where to find the needed information, and what to do when something looks strange, odd or curious to the […]

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Adviser Leadership Management Director Responsibility

Fraud Prevention Tip #35: Write About Your Fraud Risks and Better Practices for Managing These Risks

One of the easiest (and least expensive!) ways to teach your employees about how to manage their fraud risks is to write about it. Short ‘how to’ articles published in organization electronic portals, websites and newsletters are the perfect place to provide direction. These articles should all address one common theme: How do I know? […]

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Fraud Prevention Tip #10: All Employees Must Be Actively Recruited into Anti-Fraud Campaigns

Fraud Prevention Tip #10: All Employees Must Be Actively Recruited into Anti-Fraud Campaigns

First level employees, their supervisors and mid-level managers are your most important line of defense against fraud. All must be actively recruited into your Anti-Fraud Campaign. Here are three flawed beliefs that often get in the way. All must be addressed openly for your Anti-Fraud Campaign to work. 1. Fraud prevention is common sense. Leaders […]

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