Eight Tips to Prevent Employee Theft and Fraud | Company Activities & Management > Company Structures & Ownership from AllBusiness.com
Facebook Twitter Google+ You Tube RSS Feed

Protect Your Business

One of the most serious threats to the success of a small business is employee theft. Misplaced trust, lax hiring and supervision, and a failure to implement basic financial controls can lead to an environment that is ripe for internal theft and fraud.

The Association of Certified Fraud Examiners estimates that the typical business will lose an average of 6 percent of revenues from employee theft. The ACFE Report to the Nation on Occupational Fraud and Abuse indicates that small businesses suffer disproportionate losses because of the limited resources they have to devote to detecting fraud.

Small business owners can help protect their businesses from employee theft and fraud with the following eight tips.

Related

Newsletter

Weekly Roundup

Sign up for our weekly Experts roundup, delivered to your inbox each Saturday morning.

Most Recent From our Experts

AllBusiness Experts
;
Close

Real Business Owners, Real Business Advice!

Sign up for practical, real-world solutions from successful business owners delivered to your inbox each Saturday morning. FREE.