Are you
taking steps to prevent fraud in your business?
The 2016 Global Fraud Study released recently by the
Association of Certified Fraud Examiners shows that asset misappropriation
occurred in more than 83% of the cases reported. Asset misappropriation
includes billing and check tampering schemes. According to the study, billing
schemes were most common, comprising slightly more than 22% of the cases, and
check tampering schemes were the costliest, with a median loss of $158,000. Not
surprisingly, businesses with poor internal controls, or no internal controls,
were the most susceptible. Contact us for tips and suggestions for keepin
g your
business assets safe.
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