Wednesday, November 24, 2010

Did You Know?

While background checks are fundamental, they can have limited value in screening out potential wrongdoers.

According to a study by the Association of Certified Fraud Examiners, 86 percent of people found to be perpetuating fraud in businesses – misappropriating funds, tampering with the books – have never been charged with a prior offense.

Takeaway? While you should certainly perform background checks, don't assume you can relax other methods to detect fraud just because employees have been screened.

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