WNDE FRAUD DETECTION AND PREVENTION SERIES – INTRODUCTION

By:  |  Category: Blog, Education, Management Advisory Services Thursday, February 2nd, 2017  |  No Comments
Fraud Prevention and Detection
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Dishonesty and unethical business practices are common in the business environment. For example, the Association of Certified Fraud Examiners estimates that a typical organization loses about 5% of its revenues each year to occupational fraud. Accordingly, fraud is an ever-present risk to businesses.

As a service to our clients, WNDE will feature a series of articles over the next year on fraud detection and prevention. Noted below are the subjects that we will be featured in our 2017 newsletters:

  • Red flags that fraud may be occurring at your business
  • How to develop a successful fraud prevention program
  • Developing a fraud “hotline” that employees can trust
  • Basic controls over wire transfers
  • Illustration of basic controls over wire transfers
  • Controls over Automated Clearing House (ACH) transactions
  • Controls over cash registers and cash receipts
  • Detection and prevention of purchasing fraud
  • Use of “data analytics” to detect or prevent purchasing fraud
  • Key controls to prevent inventory fraud.

At the end of this series, you should have a clear set of fraud detection and prevention tips that will help strengthen your business practices and reduce losses that may occur from fraud.

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