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Business Fraud in the Workplace

Unfortunately, business fraud in the workplace is not all that uncommon. Employee theft and dishonesty affects all types of businesses and yes, even law firms. Often, the violating party is a well regarded employee who has been with the company or firm for many years. That trusted employee is often the company bookkeeper. Besides limiting check signing authority, there are many practical steps a business can take to prevent employee dishonesty. Most of the steps are obvious, but unfortunately, often are not followed. For example, bank statements should be reviewed each month, whether they are paper statements or online statements. All cancelled checks should be reviewed and validated. All credit card charges should be reviewed each month and validated. (more…)