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According to the latest report from the Association of Certified Fraud Examiners, employee fraud is very real in the United States and throughout the world. Unfortunately, small businesses are especially vulnerable to it.
The good news is that there are ways to prevent it. In this video broadcast, Abby Johnson explains multiple ways that it can be avoided. They are:
1. Detection systems
2. Audits
3. Ethics policy
4. Education
5. Monitoring systems
Since fraud could result in businesses losing up to 5 percent of their annual income, it is very important to take necessary steps to prevent it. Check out this SmallBusinessNewz broadcast to find out more about preventing fraud.
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This is an informative and must-see post by all businesses. Every business should know the process and if in case a fraud arises, what are the things one should do.
Before recruiting any employee, every business should do the homework like checking their past report, behaviour etc. And there must be an monitoring system to check their daily performances.
This is a very good and useful video. All small businesses should be careful because fraud can hurt their business a lot.
Howdy, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam comments? If so how do you prevent it, any plugin or anything you can advise? I get so much lately it’s driving me crazy so any support is very much appreciated.
Hello there! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely delighted I found it and I’ll be book-marking and checking back often!