1. Organisations need to realise that on many occasions, the perpetrators of theft and fraud are the most trusted employees – the ones you think you cannot do without.
READ THIS: Labour Buzz: Zero tolerance for theft and fraud in the workplace
2. No organisation’s systems are so airtight that they can never be the victim of fraud and theft. There is always a way, and a way is always found.
READ: Former Shepstone Place administrator accused of fraud
3. Basic systems and procedures are overlooked and not followed, and checks and double-checks are not in place.
4. Friendships develop and the line between employer and employee starts getting blurred.
5. A false sense of security is often created, as organisations think books are audited and nothing alarming comes to the forefront. Unless an in-depth physical audit is done on site, which is costly, fraud can go undetected for years.
NOW READ: Labour Buzz: Firm warning for employers to abide by the National Minimum Wage
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