Business fraud grows apace, despite internal vigilance and official governmental oversight. Regulatory laws are expensive and time-consuming for industry to enforce; still industry fraud remains a problem.
Whether
you operate a small shop or a section of a very large business, there
are some corrective rules of thumb. Check and double-check the
background of those you hire. Once they’re on staff, constantly
educate employees about fraud. The idea is to show them you are
strict about the subject, as there is a strong psychological element
to the educational process.
For
large corporations: Despite Sarbanes-Oxley and annual audits, fraud
is a business constant. A change of auditors every year is one
solution. (See the Earl J Weinreb NewsHole® comments.)
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