Do you know these red flags for fraudsters? A quick checklist
Full-time accounting and finance pro, part-time sociologist? That might be exactly what you want from your team members.
Because with fraud, people’s behavior almost always gives them away first.
In a whopping 92% of the fraud cases recently reviewed by the Association of Certified Fraud Examiners, at least one common behavioral red flag was ID’d before the fraud was detected.
So do your staffers know what to look for?
Spotting the signs
A new year is the perfect time for a renewed push to be more attuned to these signs of possible trouble, from most to less common:
- living beyond means
- financial difficulties
- an unusually close relationship with a vendor or customer
- an unwillingness to share duties or other control issues
- wheeler-dealer attitude
- divorce or family problems
- irritability, suspiciousness or defensiveness
- addiction problems, and
- past complaints about inadequate pay.
- Share on
Free Training & Resources
Further Reading
Seven months after its release, ChatGPT is being touted as a replacement for a range of occupations. Artificial Intelligence (AI) tools lik...
The list of fraudulent brokerages, securities firms and even financial regulators just keeps getting longer. Hundreds, potentially thousand...
Full disclosure: We never know for certain which topics will grab the attention of CFOs, controllers and other finance professionals. O...
If you’re lucky, the only kind of employee theft you’ll have to worry about at your company is parents swiping office supplies ...
The IRS is extending an olive branch to businesses that received tax credits related to COVID-19 in error. The tax cops are launching a ...
The conditional formatting tool in Excel allows users to apply many different formatting options to data. The benefit: sorting and recogniz...
