Occupational fraud is common and pervasive, but it is often never reported to law enforcement. The aftermath of fraud can leave an organization reeling, regardless of size. Consequently, the extent of the damages can have a lasting impact and recovery can be difficult. The reality is that people are capable of wrong doing. Further, policies …
Every organization is a victim of employee fraud Read More »
Even in a generally well-run organization, fraud still takes place. Organizations put departmental controls in place to protect various aspects of its operations. Often, these controls function as intended. However, if the controls are circumvented or overridden by management, they become ineffective and are susceptible to further manipulation by others. In ACFE’s report to the …
Two Employee Fraud Schemes To Consistently Monitor Read More »
Most occupational frauds are committed at the employee or management level, but frauds by owner/executives are much more harmful. The median loss in fraud schemes committed by owners/executives is $600,000, according to ACCFE 2020 Report to the Nations. Finding the right fit Integrity and character are vital to any position of authority; however, finding the …
Why Top Management Fraud Schemes Are More Costly Read More »
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