Fraud Awareness Fraud is costing Irish business millions of pounds each year. There is no doubt but there is a fraud going on in an organisation known to you as you read this article. The advice is simple.
Prevention is better than cure.
The cost of fraud can be enormous. First there is the loss of the amount of misappropriated money. On top of that you need to consider the many hidden costs such as loss of senior management time, loss of business confidence, and possibly poor morale. Unchecked, fraud has the potential to lead to dire financial consequences and in severe cases, even bankruptcy. Never underestimate the ingenuity of the fraudster.