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 ongoing performance reviews and promotion procedures.

 Adopt anti-fraud internal controls and management review programs.

 Protect computer systems by implementing security and staff access controls.

 Create a positive work environment by implementing a code of conduct and ethics. Institute fraud awareness training programs that communicate expected moral behavior to staff members. 

 Have a fraud risk assessment study performed by a forensic accountant.

These are just some of the steps you can take. Contact us to learn more. Preventing fraud in your organization keeps costs down -- and might even save you from business failure.

 

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