The addage “desperate times call for desperate measures” applies to many businesses, large and small, during these difficult economic times. These measures can be in the form of reduced hours, layoffs, and business closures. There is another aspect of ‘desperate measures’ that is worthy of discussion: fraud by trusted employees.
We would like to offer some simple, yet effective ways to establish some accounting or internal controls.
- Related duties should be assigned to different people. […]