Dan Packard, CPA, CFE, CVA was recently featured in the East Idaho News giving tips on how to avoid fraud like the case he helped to uncover of a local woman guilty of embezzling over $2 Million.
4 of the specific tips Dan gives are:
- Be aware, fraud can happen to anyone.
- Investing resources in fraud prevention is cheaper than detecting fraud after the fact.
- Separate business functions:
- Custody of assets.
- Record keeping.
- Auditing the books.
- Get quarterly check-ups.
If you’d like to read the rest of the article, youcan find it here.