Axis Insurance News & Insights

How to Prevent Employee Fraud

Written by Axis Marketing | Aug 21, 2023 3:30:00 PM
Employee fraud is a common issue in Canadian businesses, with 80% of employers falling victim to it, according to Ernst & Young. Small businesses are particularly vulnerable due to a lack of accounting controls and misplaced trust.

This whitepaper discusses the following:

  • Types of fraud:
    • Asset misappropriation.
    • Bribery and corruption.
    • Financial statement fraud.
  • Fraud indications.
  • Strategies to prevent employee fraud:
    • Tip hotline.
    • Internal audits.
    • Background checks.
    • Implement internal controls.
    • Create culture of integrity.
    • Insurance.

Find Out More:

Download our "How to Prevent Employee Fraud" white paper to reduce risk to your organization.