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:

  1. Be aware, fraud can happen to anyone.
  2. Investing resources in fraud prevention is cheaper than detecting fraud after the fact.
  3. Separate business functions:
    • Custody of assets.
    • Authorization.
    • Record keeping.
    • Auditing the books.
  4. Get quarterly check-ups.

If you’d like to read the rest of the article, youcan find it here.