Most common fraud risk factors

At G P & S we can provide businesses in the Nottingham area 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 in the Nottingham area, contact G P & S.

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0115 973 3389

Gregory Priestley & Stewart
1 Cranmer Street
Long Eaton
NG10 1NJ

01623 555 656

Gregory Priestley & Stewart
Alexandra House
123 Priestsic Road
NG17 4EA