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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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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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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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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scam fraud prevention

Fraud Prevention Tip #31: How to Support Employee Anti-Fraud Behaviors

Cheryl asked me for ideas on what she could do as a manager to support her staff’s anti-fraud behaviors. Here’s the quick list we developed. Think about how these suggestions might apply in your own work. Pride First and foremost, supervisors and employees must have a true sense of pride in their work. They must […]

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