Fraud, according to Webster’s Dictionary, is defined as “illegal activities undertaken by an individual or company that are done to give an advantage to the perpetrator,” but any business owner knows that this definition is far more complicated than that. It’s a huge risk that can affect your company’s bottom line, employee salary, and the trust of your financial investors. And, unfortunately, while it’s not completely possible to prevent fraud, there are some ways that you can detect it early to prevent your company from losing any more money than it already has. Here are 5 of the ways that you can detect fraud that might be happening in your organization.
