Surprise audits can stop fraud in its tracks

Description

Abstract: No organization can afford the risks of employee theft, corruption and financial misstatement. One of the best ways to tackle these risks head-on is to conduct surprise fraud audits. This article explains how surprise audits differ from scheduled financial audits — and how the surprise element is critical to catching thieves. It also provides data supporting the effectiveness of such audits. A sidebar looks at who commits fraud on the job.