Protect yourself by understanding, identifying risks and not letting your personal feelings get in the way
Think of corporate fraud and most likely you'll recall big names in the news — executives who bilked companies and investors of millions of dollars.
But corporate fraud happens to businesses of all sizes, including small businesses and even nonprofit organizations.
And it happens in a lot of scenarios — from stealing cash or equipment to working with an outside vendor to steal from the company.
According to a study last year by the Association of Certified Fraud Examiners, occupational fraud and abuse caused a median loss of $159,000. Nearly one-quarter of the cases caused at least $1 million in losses and nine caused losses of $1 billion or more.
Read More Article...
Think of corporate fraud and most likely you'll recall big names in the news — executives who bilked companies and investors of millions of dollars.
But corporate fraud happens to businesses of all sizes, including small businesses and even nonprofit organizations.
And it happens in a lot of scenarios — from stealing cash or equipment to working with an outside vendor to steal from the company.
According to a study last year by the Association of Certified Fraud Examiners, occupational fraud and abuse caused a median loss of $159,000. Nearly one-quarter of the cases caused at least $1 million in losses and nine caused losses of $1 billion or more.
Read More Article...
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