Fraud can affect any company, on average each occurrence can cost up to 5% of your annual revenue or $114,000 on average. It is vital to implement internal checks and balance for your accounting system.
Here are a few common fraudulent areas you should pay close attention to:
1) Cash Theft - Skimming, Larceny or fraudulent disbursements.
2) Payroll fraud - On average, over 27% of all business fraud cases reported.
3) False Invoicing - fictitious suppliers are paid.
4) Invoice email - changing legitimate suppliers existing payment arrangements or accounts.
5) Online Banking - moving funds into erroneous accounts.
Every owner needs to implement safe guards to protect against fraud! Can you afford not to take the necessary steps to protect your hard work and future?
I can help, simply contact: Michael@
Michael Koprowski
Account Executive
1-808-259-1635 Direct
1-888-875-8918 Secure Fax
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