How can a business avoid fraud, and boost productivity,

[CALVINDOL]

Fraudulent activities are definitely seen in most businesses nowadays, and to be sincere and honest practicing fraudulent activities in a particular business is totally an advisable as this could lead to the downfall go to the disappointment of the business operators at the end of the day. It is very necessary for businesses to avoid all form of fraud as this can totally boost the business growth and development in the right way. Many business managers are unaware that their employees adopt Orthodox and all advice means of boosting business output, however as a business manager possible steps you can use to avoid this is why always being aware when sales are made and when revenues are accumulated.

You must also endeavour to employ the right kind of employees, although you may not entirely know about an individual's performance and qualifications by just looking at his or her curriculum vitae CV, but to some extent, with the right question and with the right answers to this question from the job applicants you could make sure to employ the best and the right kind of employees who are truthful and honest and who can never engage in fraudulent activities. The business bookkeeping sector must be up-to-date so that all business activities must be channeled and be in subject to what is being book-kept.

 

[Axis]

So many bold that can be taken to avoid fraud in a business organisation, and for fraudulent activities to be prohibited and prevented from the business organisation the business managers and directors must do well to employ the right kind of employees who are qualified and also never interested in the use of fraudulent ways of carrying out business activities. The business managers and directives most also instill in the manner of each employee the consequences for engaging in fraud, some the consequences could be termination of contract, and reprimanding of employees.

It could also be substraction of employees salary and wages, consequences and results like these can totally prevent each employees from engaging in any fraudulent activity as he or she does not the one to get terminated from the business organisation about his salary and wages substracted. Finally in order to prevent fraudulent activities in a business organisation as the business manager of business director you must definitely be involved in all transactions carried out in the business organisation.

 

[Mataracy]

Fraudulent activities is a deliberately action taking by an individual or a set of people in the organisation or in business environment.
Before any fraud can occur there must be money involved in the business. This can be an act of misappropriation of funds in order to benefit or suit one purpose alone.
Though there are many people who always sees a way of preventing or detecting this is to employ and external Auditors who will help them to catch the perpetrator.
It is very important that each company or organisation should make sure that they have internal auditor or Accountant that will be help them to track the inflow and outflow in the company.
The work of the internal auditor will then be to make sure that there is checks and balances in the company so that it will be very hard for any body to comitt fraud in the company. This action will also help to prevent and mistake that could leads to fraudulent.

 

[Carpon]

Since the word fraud has come in to this discussion ,then it means that you are working with employees. It is typically impossible for you to defraud yourself the only thing you can do is to cheat yourself and through some habits that are being negative on your business but it's typically impossible to say in real terms that you have defrauded yourself.

So just as you have said the first step in avoiding the habit of fraudulent activities in your business or your company or workplace is to know the kind of employees that you take in sometimes you have to scrutinize and make sure that your choice and selection of employees is totally the best.

Then after that has been done there are other things that you must also put in place to ensure that there is no trace of fraud in your workplace or your business. The next thing that you can do is to put things in check everybody should be accountable in his or her office and you should always keep an eye not become some CCTV camera person, but show that you are serious and make sure that everyone is able to account for everything he or she does.