“Fraud in my company? No way.” If this is what you think when you hear a story about fraud, see a story on T.V., or read about fraud in a journal then you’re thinking exactly the same as most executives and business owners. The majority of companies have a tendency to believe that they have [...]
Occupational fraud continues to have a significant impact on businesses and their bottom line. Companies invest a lot of trust in their employees, and they should. Good employees are what keep a business running. However, the rising number of fraud cases should cause a business owner, CEO, CFO, or other top management to question whether [...]
With the upcoming holiday season, the opportunity for fraud is abundant, and will likely have an impact on both retailers and consumers.
One of the easiest forms of retail fraud is gift card stripping. Gift cards are an easy target for fraudsters because the cards have no customer information, making them almost as liquid as cash. [...]
One of the most overlooked forms of fraudulent expense reimbursements stems from traveling employees who request reimbursement for hotel charges they did not incur.
Travel fraud encompasses several areas: 1) multiple reimbursements for travel expenses; 2) fictitious expense reimbursements; and 3) overstated reimbursement requests.
A good expense reimbursement policy can mitigate this risk, but it must be strictly enforced.
As a general rule, copies of receipts should not be an acceptable form for reimbursement, the original should be provided if the [...]
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