They often purposely select organizations where they know pre-screening is nonexistent. Wells recommends, when and where feasible, conducting surprise audits. The organization's unopened bank statement should be reviewed at the highest possible level. Since most occupational fraud involves skimming cash and false disbursements, a responsible person unconnected to the bank reconciliations should look for unusual patterns, dual endorsements, unfamiliar vendors, and unfamiliar financial trends. Employees are often in a position to observe improper conduct but frequently have no way to report it without fear of retribution.
Some companies use a subscriber service while others maintain an internal hotline.
By creating a positive and open work environment, the employing organization can often reduce the motivation for its employees to commit fraud and abuse. If you would like more information please contact us to set up an appointment. MKB makes no warranties or representations as to its accuracy. MKB assumes no liability or responsibility for any errors or omissions in the content of the Site.