Three Things You Should Know About Fraud
In the current economic environment, all organizations are increasingly susceptible to fraud from the very people they employ. Fraud is not only an annoyance but poses a significant operational risk. The Association of Certified Fraud Examiners (ACFE) estimates that a typical organization loses 5% of its revenue due to fraud.
How can you prevent fraud? The first step is to understand the basics of fraud, why people commit fraud, and the red flags that you should be looking for in your organization.
What is fraud?
Fraud is defined as a deliberate deception to secure unfair or unlawful financial or personal gain or to deprive a victim of a legal right. Of the various kinds of fraud that organi…
Read the full article at: https://www.eisneramper.com/insights/litigation-services/what-to-know-about-fraud-1123/