Preventing Internal Embezzlement and Employee Fraud
Each year, crime statistics show employee theft and embezzlement costing businesses and organizations billions, with new, more sensational stories appearing all too regularly in the Press. The pervasiveness of these crimes means no employer – whether for-profit, non-profit, governmental, or religious–can count itself as immune. Moreover, embezzlement and fraud also occur as insider crimes by partners, officers, and co-owners. This Seminar provides critical information for preventing and detecting fraud.Learning ObjectivesHow to minimize the risk of embezzlement and insider fraudKey areas in which employers are most vulnerableWays to spot potential and actual perpetratorsHow the kind of organization may dictate certain strategiesHow to maximize recovery if you are a loss victimHow to integrate combating strategies to avoid undue interference with operationsAreas Covered Scope of the risk and Potential LossesHow to Identify Assets at RiskHow to Identify Insiders at RiskCommon Theft & Embezzlement Techniques: Avoid the TrapsHow to Establish Meaningful Internal ControlsInternal Statistical MonitoringThe Legal Framework & Insider RightsRecovery Procedures for VictimsEffective Communications for Promoting CooperationCure Worse Than the Disease: How to Avoid Hamstringing OperationsCourse Level - Basic to IntermediateWho Should AttendManagers overseeing employeesManagers responsible for hiringDisciplining or terminating employeesHuman Resources PersonnelBusiness OwnersNon-Profit Senior ExecutivesIn-house CounselPurchasing Agents for servicesLabor Union ExecutivesLabor Union RepresentativesCPA’sWhy Should You Attend Any organization in which two or more people have access to control over any kind of asset is a potential target of insider crime. Regrettable but true, good, loyal, and trustworthy people can change their stripes for a variety of reasons. Roughly one-third of business bankruptcies are due to employee crimes. Just as cybersecurity has become an essential business activity, active prevention, detection, punishment, and (if necessary) recovery against insider crimes are equally essential.
Each year, crime statistics show employee theft and embezzlement costing businesses and organizations billions, with new, more sensational stories appearing all too regularly in the Press. The pervasiveness of these crimes means no employer – whether for-profit, non-profit, governmental, or religious–can count itself as immune. Moreover, embezzlement and fraud also occur as insider crimes by partners, officers, and co-owners. This Seminar provides critical information for preventing and detecting fraud.
Learning Objectives
- How to minimize the risk of embezzlement and insider fraud
- Key areas in which employers are most vulnerable
- Ways to spot potential and actual perpetrators
- How the kind of organization may dictate certain strategies
- How to maximize recovery if you are a loss victim
- How to integrate combating strategies to avoid undue interference with operations
Areas Covered
- Scope of the risk and Potential Losses
- How to Identify Assets at Risk
- How to Identify Insiders at Risk
- Common Theft & Embezzlement Techniques: Avoid the Traps
- How to Establish Meaningful Internal Controls
- Internal Statistical Monitoring
- The Legal Framework & Insider Rights
- Recovery Procedures for Victims
- Effective Communications for Promoting Cooperation
- Cure Worse Than the Disease: How to Avoid Hamstringing Operations
Course Level - Basic to Intermediate
Who Should Attend
- Managers overseeing employees
- Managers responsible for hiring
- Disciplining or terminating employees
- Human Resources Personnel
- Business Owners
- Non-Profit Senior Executives
- In-house Counsel
- Purchasing Agents for services
- Labor Union Executives
- Labor Union Representatives
- CPA’s
Why Should You Attend
Any organization in which two or more people have access to control over any kind of asset is a potential target of insider crime. Regrettable but true, good, loyal, and trustworthy people can change their stripes for a variety of reasons. Roughly one-third of business bankruptcies are due to employee crimes. Just as cybersecurity has become an essential business activity, active prevention, detection, punishment, and (if necessary) recovery against insider crimes are equally essential.
