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Temat: Fraud

What can you do to prevent fraud?

There are a number of ways to decrease the chances of being defrauded:

• Pre-Employment screenings
A robust pre-employment screening process helps mitigate the risks of hiring an applicant with previous criminal history, workers’ compensation claims, or employer sanctions.
However, most occupational fraudsters are first-time offenders with clean employment histories who might belong to that 80% of the population which turns fraudster only because of the circumstances.
• Monitoring employees’ behaviours
Being able to identify unusual behaviours is key in identifying potential frauds. The “2016 ACFE Report to the Nations on occupational frauds and abuse” reports that the most common red flags are: living beyond means, experiencing financial difficulties, unusually close association with customer/vendor, wheeler-dealer attitude and unwillingness to share duties or to take vacations.
• Fraud risk assessments
A fraud risk assessment is a periodic review of all the critical business processes to ensure enough controls are in place to prevent fraud.
The benefits of such assessment are even greater if carried out by an external consultant rather than by company’s management because a fraud risk consultant is not only specialised in identifying every possible weakness which might open opportunities to fraud but he is also independent to the organization and therefore can evaluate the company’s processes with fresh eyes.
Surprise audits are also very recommended as they have been proved to be a very good fraud deterrent as well as a great tool to detect them.
• Policies and procedures
Written policies and procedures are essential for rule enforcement as well for clarity over processes. They should also specify the person responsible for carrying out the tasks and the person responsible of reviewing them.
Of course it is not enough to write down the procedure but it is essential that they are applied and enforced.
• Anti-fraud policy
An anti-fraud policy should be created to clarify the fraud management process and to ensure the same standard of accountability to everyone in the company, including long-term employees and top performers.
The policy should cover topics such as fraud prevention, deterrence, detection, how investigation of all forms of fraud and corruption should be carried out, who is responsible for it, and the consequences of committing fraud.
Finally, the policy should be advertised to all the employees in order to be an effective instrument for fraud prevention and should be enforced by management when need


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Ten post został edytowany przez Autora dnia 01.05.16 o godzinie 22:07