Embezzlement In The Workplace
Introduction
I’m here to talk about the dangers of embezzlement. Throughout my discussion I will discuss the underlying factor to the rise in the rate of embezzlement. We will also look at how a few big embezzlement schemes have influenced their business and their business’s industry. Because of this growing threat we will look at some factors that perpetrators are affected by that might influence him/her to commit company theft which can aid to help further prevent and detect company theft. Lastly I will discuss some preventable measures and steps companies can take to further detect criminal activity within their business, specifically employees who handle cash flow.
What is Embezzlement?
So what is embezzlement? The federal bureau of investigation defines embezzlement as the misappropriation or misapplication of money or property entrusted to one’s care, custody, or control.
Embezzlement in Businesses (What is Embezzlement?) – General and Relevant Facts
All types and sizes of businesses can be victims to embezzlement (small/large businesses as well as non-profit and government entities).
Businesses have to be vigilant when dealing with criminal activity which is especially true for small businesses.
The Association for Certified Fraud has found that 39% of all fraud occurred …show more content…
Experts have shown company theft has the potential to reach 240$ billion dollars which includes intellectual property stolen during that year. It isn’t a surprise that the cost of embezzlement is two to three times than that of street crimes. Also 30-50% of all businesses affected by embezzlement fail. Other potential effects include increase in taxes, lost investments, and increase in
I’m here to talk about the dangers of embezzlement. Throughout my discussion I will discuss the underlying factor to the rise in the rate of embezzlement. We will also look at how a few big embezzlement schemes have influenced their business and their business’s industry. Because of this growing threat we will look at some factors that perpetrators are affected by that might influence him/her to commit company theft which can aid to help further prevent and detect company theft. Lastly I will discuss some preventable measures and steps companies can take to further detect criminal activity within their business, specifically employees who handle cash flow.
What is Embezzlement?
So what is embezzlement? The federal bureau of investigation defines embezzlement as the misappropriation or misapplication of money or property entrusted to one’s care, custody, or control.
Embezzlement in Businesses (What is Embezzlement?) – General and Relevant Facts
All types and sizes of businesses can be victims to embezzlement (small/large businesses as well as non-profit and government entities).
Businesses have to be vigilant when dealing with criminal activity which is especially true for small businesses.
The Association for Certified Fraud has found that 39% of all fraud occurred …show more content…
Experts have shown company theft has the potential to reach 240$ billion dollars which includes intellectual property stolen during that year. It isn’t a surprise that the cost of embezzlement is two to three times than that of street crimes. Also 30-50% of all businesses affected by embezzlement fail. Other potential effects include increase in taxes, lost investments, and increase in