4. Why?
• To live beyond his/her means
• Financial difficulties
• Family problems
• Addiction problems
• Legal problems
• Not appreciated / Pay not adequate
32. Monthly Reviews
• Cell phone expense accounts
• Expense reimbursement reports
• Credit card statements
• ACH transactions on bank statements
• Credit card payments on bank statements
33. Other Deterrents
• Avoid the use of a signature stamp
• Require double signature for large purchases
• Require that all disbursements be accompanied by a
receipt
• Segregate duties as much as possible
34. Other Deterrents
• Before hiring a bookkeeper, conduct a background check
• Consider doing a yearly inventory of fixed assets if you’re
an equipment co. to ensure no assets are missing
• For larger companies, institute a whistle blower program
• Inspect whatever is being signed
35. Other Deterrents
• Simply ask questions and be involved in finance matters
• Be professionally skeptical
• Always be sure you’re examining an original document
• Use passwords