Without proper background checks prior to making the hiring decision, an organization can find itself employing individuals who have recently been fired elsewhere for fraud or theft.
An organization can also seek to prevent employee fraud as well as theft by developing well drafted and concise guidelines in regard to acceptable standards of conduct. In the opinion of Beesley (2011), there is an existing need for each and every business to have in place "an employee code of ethics and conduct." The author in this case points out that although such a document cannot entirety prevent instances of fraud; it does make a contribution to the promotion of lawful and ethical conduct.
Beesley (2011) also reaffirms Siegel's assertion as highlighted earlier on in this text that employee fraud largely has little or nothing at all to do with economic problems or conditions. As the author points out, studies have in the past demonstrated that employees are more likely than not to engage in fraudulent behavior if they feel under-appreciated, happen to be under pressure or perceive management conduct as being either unfair or unethical (Beesley, 2011). With than in mind, it does make great sense to put measures in place to ensure that employees feel that their contributions at the workplace are regarded highly. It would also be prudent for an organization to ensure that fairness is observed across the board.
Prevention of waste can be done through sensitizing employees on the need to avoid wastage of organizational resources. In that regard,...
It also makes great sense to ensure that employees are well motivated.
However, in addition to knowing how to prevent employee theft as well as fraud, one may also need to be familiar with approaches towards the detection of the same. In the opinion of Bologna and Shaw (1997), one way of detecting instances of employee fraud and/or theft is taking note of financial irregularities and errors or discrepancies. Detection in this case can also be done via intelligence gathering and observation (Bologna and Shaw, 1997).
Conclusion
In conclusion, it should be noted that the prevention of employee fraud, theft as well as waste should remain a priority for any organization that wishes to remain relevant in today's highly competitive global business environment. This is more so the case given the growing need for businesses to enhance their efficiency through cost reduction and wastage minimization.
Introduction Fraud in local government is a serious and pervasive issue that can undermine public trust, waste taxpayer funds, and damage the integrity of public institutions. This illicit activity can take various forms, ranging from embezzlement and kickbacks to bribery and conflicts of interest. Local governments are particularly vulnerable to fraud due to a combination of factors, including: Limited resources: Local governments often operate with tight budgets and limited staff, making it difficult
E. Nutra Sweet). At the same time, they also had a number of failures, like when they company replaced the original formula for their soft drink with a new one. This led to a massive revolt among consumers, who did not want this product. Instead, they demanded something that could bring both of these elements together. At which point, Coke would begin utilizing the original formula, with the understanding that
White Collar Crime Theoretical Perspectives of Criminal Behavior Three broad theoretical models of criminal behavior have historically prevailed. These models include psychological models of criminality, sociological models of criminality, and biologically -- based models of criminal behavior. Each of these models suggests different ideologies and different methods of control for criminal behavior; however, there is quite a bit of overlap in each one. Psychological Theories of Criminal Behavior Psychology is a broad discipline that
Fixtures are considered part of personal property, but in cases where they become a part of real property and cannot be removed, they are considered part of real property. Building on a plot of land is a fixture that is considered part of real property, similarly things that are fixed with the real property and can not be removed without damage can be considered part of real property. In case
Business of Ethics The Importance of Ethics in the Global Marketplace At no time in history has the expression, "It's a small world" been more true than it is today. Television, telephone, the Internet, and high-speed air travel have brought the peoples of the world together in a way in which they never have been before. In an instant, a man in New York can communicate with a colleague in Hong
President Inform the President of any new internal control requirements if the company decides to go public. Instituting a system of internal checks and balances would be foremost in my recommendations to the company president since most internal control systems provide for independent internal verification; this principle involves the review of data prepared by employees. To obtain maximum benefit from independent internal verification: Companies should verify records periodically or on a surprise basis. An