New study reveals best defense against fraud
What’s the No. 1 way companies detect internal fraud?
Employees speaking up about it.
New research from the Association of Certified Fraud Examiners finds employee tips prompt fraud investigations just over 34% of the time at companies with fewer than 100 employees.
At firms with 100-plus workers, tips kick off 45% of fraud cases.
The key: Companies that reward employees for handling customer complaints and concerns get out ahead of ongoing cases of fraud.
In workplaces where a common attitude is, “That’s just how we do it,” could be setting themselves up for trouble. Employees may not feel that upper management will welcome bad news – even if it’s a crime like fraud that can be prevented.
For more on the study “2014 Report to the Nations on Occupational Fraud & Abuse,” click here.
- Share on
Free Training & Resources
White Papers
Provided by Anaplan
White Papers
Provided by Anaplan
Further Reading
Is there a single business in the U.S. that’s resisted raising prices since early 2020? Good luck finding one. But there’s a fi...
Several investment advisers and dealer-brokers are paying a whopping $79 million in fines because they couldn’t produce records of el...
About 90% of U.S. companies were targeted by cyber‑fraud last year – almost a 25% increase from the previous year. The rise doesn&#...
The Securities and Exchange Commission (SEC) under President Biden continues to make an example of companies and individuals that don’...
Client companies thought they were outsourcing payroll and HR compliance to a vendor. But the tax exposure never really left their books. ...
Pat’s and Geno’s in South Philadelphia are the most famous cheesesteak destinations for tourists who come to Philadelphia. But...
