The most common fraud risk factors
- Large amounts of cash in hand
- Small stock items with a high cash value
- Easily convertible assets (eg. tools, vehicles)
- Failure to clearly separate key duties
- Employee awareness of future redundancies
- Disgruntled employees with access to significant assets
- Poor physical safeguards over cash and other assets
- Untimely or poorly organised documentation for transactions
- Lack of mandatory holidays for employees performing key control functions
- Missing or unexplained documents
- Inappropriate supervision, especially where employees are in remote locations
- Insecure company website
Resources
- Business
- Business start-up
- Limited companies
- Business finance
- Partnerships
- Your customers
- Your employees
- Sales and marketing
- IT and e-business
- Business regulations
- Business and the environment
- Selling your business
- Personal
- Tax
- Links
- Calculators
