How to Prevent Fraud in Your Business

 

 

Unfortunately, financial fraud committed by employees happens in every industry, and as much as it isn’t nice to consider, it is imperative that businesses take every precautionary step they can to mitigate the potential for this to happen.

 

As an accountancy firm experienced in dealing with business accounting, from the non-profit to the private sector, Plummer Parsons give an overview of the symptoms and cures for employee fraud, based on learned knowledge and real world experience.

 

 

 

Detailing exactly what employee fraud is, the article subsequently takes the reader through the potential avenues for employee fraud, giving valuable insight into the financial vulnerabilities in each business. From Credit Control to Purchasing and Payroll, the article demonstrates how employee fraud may be committed in each, alongside providing valuable, and specific, advice on how to prevent crime in those respective areas of business. 

 

The article then goes on to tackle the more macro issues of employee fraud, pointing out where a more holistic problem solving approach may be applied. Articulating 5 controls and prevention techniques, and how to apply them across a multitude of business structures, Plummer Parsons provides real world advice on and insight into the issues surrounding employee fraud, aiding businesses to not only tackle the symptoms, but the root cause.