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
3. Ethics policy
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.