PREVENT YOUR STAFF FROM DEFRAUDING YOU
October 2, 2018
Workplace fraud is a common, everyday occurrence. Every business—large or small—is vulnerable to these crimes. Workplace fraud can have a substantial impact on a business’s “bottom line” and even on its continued survival and success.
The financial impact of workplace fraud can be significant and can occur in the form of direct, indirect, and/or intangible costs. In addition to direct losses of tangible assets, such as cash, inventory, and securities, loss of competitive advantage, reduced ability to meet customer needs, reputation impairment, and disruption of business operations are some of the potential indirect and/or intangible costs to a business.
Fraud can ruin and liquidate a company if not properly addressed.
So it pays to do as much as you can to prevent your business from being defrauded. Regardless of size, all organizations are vulnerable to workplace fraud. Fraud can take many forms—including embezzlement, forgery, theft of inventory and other assets, and computer crime—and can continue unchecked for years.
The financial impact on an organization of these so-called “whitecollar” crimes can be devastating. Understanding the impact of workplace fraud, and the potential losses associated with fraud and establishing effective loss control measures are critical for companies from cost, cultural, and risk management perspectives.
I will unveil to you what the Business Schools teaches their Executives-Facts about fraud and how to prevent it. If you own a Company either a small scale/Medium scale or a large Company, this book can be the ideal panacea to your worries. If you intend to set up a Company, this book can serve as the ideal guide that you need.