Fifty two per cent of all frauds are perpetrated by people inside the organisation. Here’s how you can reduce the risk of fraud.
For electrical retailer Clive Peeters, payroll fraud proved to be particularly costly. Over a two-year period, the company’s former senior accountant stole more than $19 million from the company.
Payroll fraud is more common than you think. For business owners, however, it’s hard to think that one of their employees is committing a fraud. If left undetected, it can place a severe financial drain on your business.
Learn more about:
- Measures to protect your business against fraud
- Checking for ghost employees
- Tracking audit trails
- IT and cyber security