Written by Tracy L. Coenen, CPA, CFF
Wisconsin Law Journal
How would you know if your company was being looted by a dishonest employee? Most companies miss all of the warning signs that could help stop a fraud early.
The Association of Certified Fraud Examiners reports that the average fraud scheme within a company lasts 18 months. That’s one year-and-a-half that one or more employees are stealing from the company without being caught. In that period of time, the average internal fraud causes losses of $159,000. Imagine how much damage could be done to your company in that amount of time.