Our Top 7 Best Practices for Preventing FraudYou might have landed on this page, assuming that it will cost a lot of money, time, and personnel resources to implement a robust fraud prevention program in your organization. But that's not necessarily true. For most organizations, fraud prevention and detection tools can be easily implemented, rarely equate to the hiring of another individual, and don't usually equate to much more of your time or resources.
When considering fraud prevention and detection tools, it is important to understand that one size does not fit all. And, as an organization expands or contracts, these tools (or processes and procedures), need to be reconsidered to ensure they continue to meet your goals and objectives. Segregation of duties and internal controls work best when employees understand the importance of their roles, and that implementation of these strategies are not due to their untrustworthiness, but rather because we want to keep your assets safe and your employees safe in their jobs.