Businesses in 2017 lost over $7 Billion dollars due to fraud and that number, I am estimating, will grow in 2018.
Many business clients deny their likelihood of becoming a victim because “Betty has been working with me for over 20 years and she would NEVER steal from me.” Trusting those who work with you and for you is important, but I would follow that up with the fact that you need to do more than that. Verifying that things are in order including timesheets, payroll taxes, accounts receivable, accounts payable, and more is critical to all businesses.
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