What are some tips that I can use to avoid becoming the victim of embezzlement?
  1. You can complete background checks before hiring an employee.
  2. Keep track and monitor every company check.
  3. Conduct regular audits of cash and property to assure accuracy.
  4. Make nightly bank deposits, cash is very tempting and easy to steal.
  5. You should understand your accounting books.
  6. Separate duties; One of the most common ways for someone to embezzle is to take a little bit of cash that comes in and then adjust the records to hide it.
  7. Consider requiring employees to take vacations; Even complex schemes require maintenance to assure they remain hidden. When employees are on vacation, you can see what happens when they are not around.

Show All Answers

1. What is embezzlement?
2. What is not embezzlement?
3. What should I do if I am a victim of embezzlement?
4. What are some tips that I can use to avoid becoming the victim of embezzlement?