Companies take numerous precautions to prevent fraud in the work place. Proper internal controls, fair compensation and employee treatment, workplace perks, and appropriate monitoring all help deter fraud in the workplace. The tone and level of involvement from management is crucial. Clear and consistent communication between employees and management is critical to avoiding fraud. However, what happens if despite all of these precautions fraud is discovered?
This publication addresses topics such as the definition of fraud, how most companies detect fraud and red flags to help detect fraud.