Paying the price: Ontario court reminds employers to carefully consider their approach to litigation
It is important for businesses to carefully consider their response to an employee’s wrongful dismissal claim.
employee fraud
Common anti-fraud controls ineffective at preventing and detecting fraud
A “typical” business can lose five percent of its revenue to fraud according to a recent global fraud study. And organizations are lucky if they detect the fraud at all. Most businesses find out about fraud from a tip, not from strong internal controls.
Using internal control to prevent fraud
Anti-fraud controls mainly apply to the general area of accounting (purchasing, revenue, payroll, banking and treasury, inventory, assets, etc.), but they will also involve many specific areas of operations, such as sales, payments, expenses, receivables, travel, suppliers, taxes, promotions and much more.
