Most common fraud risk factors

At AVASK we can provide businesses in the Winchester area with support and advice in many important areas. Here are some of employee fraud warning signs to look out for.

Beware of the most common fraud risk factors for your business. These might include:

  1. Large amounts of cash in hand
  2. Small inventory with a high cash value
  3. Easily convertible assets (eg. tools, vehicles)
  4. Lack of separation of employee duties
  5. Employee awareness of future redundancies
  6. Disgruntled employees with access to significant assets
  7. Poor physical safeguards over cash and other assets
  8. Untimely and poorly organised documentation for transactions
  9. Lack of mandatory holiday for employees performing key control functions
  10. Missing or unexplained documents
  11. Inappropriate supervision - such as remote locations.

If you are looking for professional assistance from a team of accountants and business advisers in the Winchester area, contact AVASK.

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© 2017 AVASK Accountants and Business Consultants. All rights reserved. | AVASK Accountants and Business Consultants, First Floor, St George’s Chambers, St George’s street, Winchester, Hampshire SO23 8AJ

Registered Office: 5 Kew Road, Parkshot House, Richmond TW9 2PR | Registered in England with company no.08334523

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