Accounting Toolkit for Fraud
April 28, 2016 @ 12:00 pm
The response from management is always the same: We never saw it coming. Yet fraud continues to become a growing concern, not prejudicing itself to specific industries, entity sizes, or demographics. Implementing appropriate preventive controls helps decrease the risk of fraud by diminishing the opportunity a perpetrator has. Employing necessary detective controls helps minimize the risk that fraud continues unnoticed, reducing potential loss. But with limited resources, both in terms of time and money, how are companies able to utilize sound accounting practices and the latest technology related tools available to them to create a “fraud-free” environment?