Most common fraud risk factors

At MKL Accountants we can provide businesses in the Swanage area with support and advice in many important areas. Here are some of employee fraud warning signs to look out for.

Beware of the most common fraud risk factors for your business. These might include:

  1. Large amounts of cash in hand
  2. Small inventory with a high cash value
  3. Easily convertible assets (eg. tools, vehicles)
  4. Lack of separation of employee duties
  5. Employee awareness of future redundancies
  6. Disgruntled employees with access to significant assets
  7. Poor physical safeguards over cash and other assets
  8. Untimely and poorly organised documentation for transactions
  9. Lack of mandatory holiday for employees performing key control functions
  10. Missing or unexplained documents
  11. Inappropriate supervision - such as remote locations.

If you are looking for professional assistance from a team of accountants and business advisers in the Swanage area, contact MKL Accountants.

Accessibility | Disclaimer | Help | Site map | © 2018 MKL Accountants Limited. All rights reserved.

Company Reg No. 04445157 Registered in England and Wales. VAT No. 323 6909 60

We use cookies on this website, you can find more information about cookies here.