Comments on: Have you implemented fraud prevention strategies? http://www.schammond.com/wednesday-wisdoms-have-you-implemented-fraud-prevention-strategies/ Tue, 20 Jul 2010 14:27:13 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Susan Hammond http://www.schammond.com/wednesday-wisdoms-have-you-implemented-fraud-prevention-strategies/comment-page-1/#comment-75 Susan Hammond Thu, 10 Dec 2009 23:50:14 +0000 http://www.schammond.com/?p=1669#comment-75 Ruth, Thank you for your comment. I encourage people to visit www.embezzlement.com to learn more. Make sure to download the publication Embezzlement 101 for a concise discussion of how to get around the procedures I recommend about. Ruth,

Thank you for your comment.

I encourage people to visit http://www.embezzlement.com to learn more. Make sure to download the publication Embezzlement 101 for a concise discussion of how to get around the procedures I recommend about.

]]> By: Ruth Crane http://www.schammond.com/wednesday-wisdoms-have-you-implemented-fraud-prevention-strategies/comment-page-1/#comment-74 Ruth Crane Thu, 10 Dec 2009 22:06:53 +0000 http://www.schammond.com/?p=1669#comment-74 There is nothing wrong with the above recommendations. And there is nothing right about them. I would be happy to illustrate how I could get around every recommendation made above (except #8 which I agree with). Embezzlement prevention/detection require good internal controls and good internal controls require staffing resources which is usually impractical for the small business owner. There are, however, a couple simple procedures, easy to implement, that will ferret out embezzlement before it has a chance to bankrupt the business and leaves your staff unemployed. There is nothing wrong with the above recommendations. And there is nothing right about them. I would be happy to illustrate how I could get around every recommendation made above (except #8 which I agree with).

Embezzlement prevention/detection require good internal controls and good internal controls require staffing resources which is usually impractical for the small business owner.

There are, however, a couple simple procedures, easy to implement, that will ferret out embezzlement before it has a chance to bankrupt the business and leaves your staff unemployed.

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