Fraud is an illegal act under the law. It is one of the reasons why businesses experience bankruptcy because of looses of income. There are ways to prevent fraud cases.
Do the background check
It is by checking the background of employees. Most likely to a new employees taking financial responsibility.
Designate Responsibilities
It is the process where all duties are stated strategically. So employee has a designated scope of work to avoid getting confidential information.
Assign Trusted Auditor
It is responsible to check all in and out transaction of your business. And it is by reviewing the accounts, invoices, and other purchases.
Do not give Information to Anyone
It is more applicable for bank checks. Do not let somebody else get your account information. It is likely most of the bank account number.
Secure Internal System
It is a case where accounts are being traced through online. Owners can block sites that can transfer all information. It comes from the sites that hacks system to system so it may cause getting information of your account.
