Companies at Greater Risk of Fraud

What kinds of companies are more prone to fraud?

In my business, we talk a lot about the red flags of fraud. There are two different types of red flags: the kind that suggest that a fraud is currently in progress, and the kind that puts a company at greater risk of fraud.

In this video, I talk about a few of the characteristics of companies that seem to put companies in greater danger of becoming a victim of fraud by employees. Some of these red flags include:

  • Executives act autonomously
  • Authority is not delegated
  • Distrustful management
  • Management driven by the pursuit of power

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