Most common fraud risk factors

At Chalmers HB we can provide businesses 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, contact Chalmers HB.

Register for our Monthly Newsletter -

Why not register to receive our Monthly Newswire?

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Sign up today ยป

Tel: 01749 685000

Email:

Chalmers HB
20 Chamberlain Street
Wells
Somerset
BA5 2PF


Contact us | Credits | Accessibility | Disclaimer | Help | Site map |

© 2018 Chalmers HB. All rights reserved.
We use cookies on this website, you can find more information about cookies here.

Chalmers HB Limited, Registered in England, Registered number 4233537, Registered Office: 20 Chamberlain Street Wells Somerset BA5 2PF. Chalmers HB Audit Limited, Registered in England, Registered number 9739736, Registered Office: 20 Chamberlain Street, Wells, Somerset BA5 2PF.