What is occupational fraud, you may be wondering if someone were to bring it to your attention? It is seen as the process when individuals are scammed, either through finding work or working within a given field, which can negatively impact their goal of trying to attain higher pay in the long term. It goes without saying that this should not be a process that comes about at all. If it is a matter of cutting down on this, forensic accounting is an idea that should be considered.
One of the things that I did not know about occupational fraud is just how long it could go for until it was undetected. It's been said that the median is about 18 months until it is uncovered and those who commit this level of fraud typically fall between the ages of 31 and 45 years old. In addition, the median fraud is caused by men twice as much as by women. The $200,000 to $91,000 ratio is tremendous, to say the least, and a point that more than deserves the best services to be utilized.
Anti-fraud programs should be put into place and it's good to see that there are companies which have implemented them. With these set in place, companies do not have to go about as many losses and the truth is that fraud, if it does surface, lasts for shorter periods of time. It's apparent that suspicious activity should be reported, which can be done rather easily here. It is very possible that workers can become that much more educated when it comes to fraud in general.
For those looking to assess a matter of fraud with as many details as possible, I am sure that names like Gettry Marcus can more than prove themselves. To me, they know exactly what is entailed in order to help forensic accounting stand out that much more. In order to help fraud in terms of assessment, computerized methods are going to be seen and put to use time and time again. These will help many different businesses, regardless of the industries that they find themselves rooted in.
With so many points to take into account, it's clear that fraud can be taken care of with forensic accounting set in place. Data is the name of the game and computers are put to use in order to make sure that said data is collected. In terms of what companies can do to generally keep fraud as minimized as possible, anti-fraud programs have proved useful in the past. I have to believe that the same can be said about matters which can occur in the future.
One of the things that I did not know about occupational fraud is just how long it could go for until it was undetected. It's been said that the median is about 18 months until it is uncovered and those who commit this level of fraud typically fall between the ages of 31 and 45 years old. In addition, the median fraud is caused by men twice as much as by women. The $200,000 to $91,000 ratio is tremendous, to say the least, and a point that more than deserves the best services to be utilized.
Anti-fraud programs should be put into place and it's good to see that there are companies which have implemented them. With these set in place, companies do not have to go about as many losses and the truth is that fraud, if it does surface, lasts for shorter periods of time. It's apparent that suspicious activity should be reported, which can be done rather easily here. It is very possible that workers can become that much more educated when it comes to fraud in general.
For those looking to assess a matter of fraud with as many details as possible, I am sure that names like Gettry Marcus can more than prove themselves. To me, they know exactly what is entailed in order to help forensic accounting stand out that much more. In order to help fraud in terms of assessment, computerized methods are going to be seen and put to use time and time again. These will help many different businesses, regardless of the industries that they find themselves rooted in.
With so many points to take into account, it's clear that fraud can be taken care of with forensic accounting set in place. Data is the name of the game and computers are put to use in order to make sure that said data is collected. In terms of what companies can do to generally keep fraud as minimized as possible, anti-fraud programs have proved useful in the past. I have to believe that the same can be said about matters which can occur in the future.
About the Author:
Contact Gettry Marcus if you are searching for some additional information about what you just read!. Also published at Fraud & Understanding How Forensic Accounting Can Be Utilized.
No comments:
Post a Comment