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
Webinars
Provided by Insightsoftware
Further Reading
The Federal Trade Commission (FTC) just widened its crackdown of so-called junk fees that mislead the buying public. A proposed rule would ...
If you’re lucky, the only kind of employee theft you’ll have to worry about at your company is parents swiping office supplies ...
Managing cash flow is one of the most pressing challenges finance teams contend with. T&E programs are a large and variable part of com...
There’s an old joke in the corporate world: Accountants are the people who tell you exactly where you’ve been — but never whe...
Publicly traded companies that offer stock options may want to touch base with their tax accountants. That’s because the IRS is l...
Accounting firms face tougher fiduciary duties as the result of three new federal rules. The Securities & Exchange Commission (SEC) ...
