Investigating Internal Fraud
An Internal Fraud Occurs
No matter how hard a company tries to minimise its fraud risk, at some point an internal fraud will occur.
A fraud investigation can have serious consequences for a company, regardless of the final outcome. Staff morale can suffer and customers may be concerned enough to not enter into contracts or stop trading with your business.
It is vital therefore that any fraud investigation should be carried out sensitively and confidentially. Only those with a need to know should be made aware of what is going on. Initially you cannot be sure that the person you suspect of fraud acted alone so it is important not to tip off any accomplices so start by assuming that anyone at any level within the company may be working with the suspected fraudster until you know better.