How to deal with fraud in business?

astutimeliana723 · Jun 8, 2023

At the company where I work, unannounced inspections are often held. To find out who is dishonest at work. Everything is checked from the cleanliness of the place and work tools, tidiness and completeness of work uniforms, product quality, etc. to ensure everything is maintained properly.

What other means do you think other than spot checks can be used to deal with fraud in business?

Starmix · Jun 8, 2023

I think they are not called fraud businesses because fraud means cheating .I think your office having those you mentioned are negligent of duties as employed on that office.

SHAHID987 · Jun 8, 2023

If we find fraud in business then we need to deal with it strictly because it is very serious matter and once if we will leave it may cause more problem in future.

Heatman · Jun 8, 2023

You have to be realistic with what you are expecting from any kind of business dealing or transaction you have with anyone because when the offer is too good to be real from the way it is supposed to be, then it is obviously a fraud or a scam.

Sophie · Jun 15, 2023

Like I said earlier on I have not started my business yet so 8 have never experienced that before.
But anyways, fraud is not a new thing in Nigeria businesses as it is very common

eldavis · Jun 15, 2023

Proper and constant supervision is extremely important to prevent this. Most companies that have branches tend to use the shift system. The workers would be in a particular branch for a week or a few days then would be replaced by other staffs from the other branches.

cherry123 · Jun 16, 2023

Fraud happens mostly in the workplace when there's no Proper and constant supervision. So it is important to prevent this by employing the right hands to checkmste fraud in the company

Shavkat · Jun 16, 2023

I think the best course of action is to terminate the employees who had proven for being fraudsters in the company. They should be forced to resign so that he or she cannot have bad records.

cherry123 · Jun 16, 2023

Sure, that's another angle to this They should be termination of the employees appointment who has been found out to be fraudsters in the company. No need retaining such a thief

capri · Jun 16, 2023

I am of the view that fraud in business can be checked by installing robust systems for ensuring that only authorised people gain access to a company's systems. In the current world that is characterised by high tech innovations, such measures can be implemented effectively. These would save a firm from the multiple frauds being executed by cyber criminals.

Starmix · Jun 16, 2023

Staying away from it or report it to the authorities is one better way to stop fraudulent activity that harms people. That is how to stop them, never tolerate a business like that. It must be reported.

Suba · Jun 16, 2023

Unannounced checks are carried out to ensure that all activities run smoothly and that no irregularities have occurred. usually done on inventory, cash opname. Each inspection is carried out by different experts, for product quality it is usually carried out by the production manager.

cherry123 · Jun 16, 2023

Any kind of fraud is bad in a business. This can be checked or stalled by installing robust systems. it will ensure that only authorised people gain access to a company's systems.

Etini Willie · Jun 16, 2023

Automaton is one way to check fraud in business. Automate your records keeping and processing so that data and information are automatically managed. This would greatly help check fraud in business.

hastral45 · Jun 16, 2023

In order to prevent fraud in A business, anti fraud mechanism must be placed in all strategic places like account department, sales and marketing department, stores and warehousing departments. Periodic auditing must be done and this must be given to independent external Auditor.

eldavis · Jun 16, 2023

cherry123 said:
Any kind of fraud is bad in a business. This can be checked or stalled by installing robust systems. it will ensure that only authorised people gain access to a company's systems.

Nice one. Give limited access to your staffs. There are places where only specific persons should have access to. Cause when everyone has access to it, it would be difficult to find out what happened if something goes wrong.

Starmix · Jun 16, 2023

This time fraudulent activities are rampant on the web and outside the computer screen the offline scams. Let's not entertain them, let's alarm them by ignoring their invitations, or report them to authorities

IB D · Jun 16, 2023

If you suspect a fraud in your business, the first thing to do is to creatively gather irrefutable evidences. Then, you go ahead to investigate and know the extent of the fraud by reviewing transaction logs. That is where automation becomes vital.

hastral45 · Jun 16, 2023

IB D said:
If you suspect a fraud in your business, the first thing to do is to creatively gather irrefutable evidences. Then, you go ahead to investigate and know the extent of the fraud by reviewing transaction logs. That is where automation becomes vital.

[/QUOTE
Private investigators must be employed in order to unravel any fraud activities perpetrated in the business. Most fraudsters are so intelligent to the point that they would leave no stone untouched in their attempt to cover up their fraud. But one thing they don't know is that they would still leave a loopholes which only can be discovered by the professionals investigators.

astutimeliana723 · Jun 16, 2023

Due to the large number of crime cases in business, we must take various preventive measures. I think installing CCTV in business premises is very important to guard against fraudulent and criminal activity. Many companies implement this as their security system besides a security.

How to deal with fraud in business?

Notable

Popular

Notable

Team Lead

Unfamiliar

Very Familiar

Popular

Very Familiar

Popular

Somewhat Known

Popular

Notable

Popular

Notable

Notable

Very Familiar

Popular

Well Known

Notable

Notable