Most common business fraud schemes

30-November-2010 Fraud and Insolvency By admin

 

 

Business fraud is an increasing problem not only in Australia. In this American video, forensic accountant and anti-fraud director, Lance Randolph of CBIZ MHM, discusses the two most common fraud schemes facing corporate America today. The situation in Australia is similar with corporate fraud conducted by a company’s own staff a serious issue.

 
Protecting your business from fraud can be a matter of having simple procedures in place.
It is amazing that simply “writing a cheque” is the easiest way for businesses to be de-frauded by their own employee(s). The second one is the use of counterfeit cheques.


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