PBMares Accounting Blog

Top 7 Tips to Keep Your Company’s House from “Hauntings”

Posted by John Hanson, CPA, CFE, CCEP on Oct 11, 2016 8:15:00 AM


Halloween is fast approaching, which makes it a good time to take pause and think about how we might protect our company’s house from getting haunted (misconduct/fraud)!  In the “spirit” of Halloween, following are seven “twisted” little tips:

  1. Hauntings Happen - Just because you don’t believe in evil spirits or hauntings doesn’t mean it isn’t real. Companies must accept that a haunting can easily happen in their house and that if they don’t take the proper precautions, it might not end well for them.  Believe and know that people sometimes do bad things.  Employees, sub-contractors, and other agents are a company’s biggest risk and the adage “Trust, but verify” is one to be taken to heart.  Be proactive and ever vigilant in looking for and rooting out evil spirits in your company’s house.  If you don’t believe a fraud can happen to you, you are already a victim of one.
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Topics: Fraud, Artifice