Tag

If you think occupational fraud and abuse can’t happen at your company, think again. Fraud is a global epidemic. In a recent study, the Association of Certified Fraud Examiners (ACFE) estimates that the typical business loses 5 percent of its revenues each year to fraud....

While no anti-fraud system is infallible, there are steps that can reduce the risk of fraud in your organization. For example:  Set up “hotlines” and incident reporting systems.  Hire and promote trustworthy people. Do background checks before hiring, and implement...