What is one of the things that most businesses, not-for-profit organizations, and governments have in common? Unfortunately, it’s susceptibility to employee fraud, for which these three employee fraud red flags should be helpful when trying to detect it. Why does this topic deserve your focus? Because according to the ACFE’s 2014 Report to the Nations on Occupational Fraud and Abuse, the median loss caused by a single case of occupational fraud is $145,000, and 22% of all frauds result in losses of more than $1 million.
Watch as Michael Maddox discusses employee fraud red flags. Plus, learn more about employee fraud by reading about the 3 common types of employee fraud. Knowing how these schemes work is the first step in implementing measures designed to deter fraud and protect your organization.