Saturday, July 25, 2009
Employee Fraud
Labels:
accounting,
cpa,
forensic accounting,
fraud,
internal control,
theft
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Information and discussions on the deterrence, prevention and detection of fraud. Discussion of forensic accounting, internal audit, business consulting and other interesting topics.
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1 comments:
Unbelievable. If these employees expended as much effort in their appropriate position, they wouldn't need to resort to embezzlement.
I've always been interested in the mindset of the current day employee. The "entitlement" attitude I see now is mind blowing. I think that some of these people feel justified in their actions because of that attitude. "The boss made me work late so I deserve to take these pens home", or "I'm not being paid what I'm worth so I can run off a few dozen color copies as compensation". I see it all the time. These employees have no idea what it actually costs the company when they do it. Do they understand that the cost of having to buy extra pens or ink cartridges is the reason why there are no raises or bonuses?
Another example of employee fraud are the employees who come in late, leave early, take long lunches or excessive breaks and spend company time for personal business. In a position where time is able to be quantified, it's easier to recognize. An employee who used to be able to turn out 1,000 pieces of manufactured product now turns out 750 - easy to spot, but what about the employee who's work is more white collar, how do we spot those fraudsters? Operations Managers and Human Resources personnel could benefit in some type of training in the spotting of those types of problem employees.
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