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Run & Grow

4 ways to protect your business against employee fraud and theft

No matter how trustworthy you think your employees are, it's better to be safe than sorry.

Q: Which internal accounting controls can help prevent fraud?A: This is a vast topic covered by countless books and consultants, so let’s narrow it down to employee fraud and theft. Aside from the obvious—conducting regular inventory checks and book audits, reconciling cash daily, ...

by Joe Worth and Joe Worth  | May 11, 2015 04:00:00
Business Ideas

Are your employees stealing?

Coming up with an internal control system makes sure all the right numbers are being tracked and accounted.

A starting entrepreneur normally operates the business by himself, with perhaps some relatives helping out. But as the company grows, he slowly realizes the need to hire outsiders.[related|post]When this happens, he has to divide responsibilities between himself and his employees, delegating tasks ...

by Henry Ong  | January 14, 2012 10:00:00