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.
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