The employee payroll process will be

The the case of statutory audits there is a clause where the auditor must report whether fraud is committed by employees or management in the company or by third parties to the company. Minimizing Fraud Actions Strong Internal Controls To prevent organizations and management from committing fraud there must be strong internal controls and compliance with the law and impose strict penalties on anyone who commits fraud so that fraudulent activities can be reduced. Creating Beneficial Employee Policies There must be an employee policy that benefits every party both management and employees.

So that employees who need it can get funds from the company instead of committing fraud. Mature B2B Email List AntiFraud Policy There should be a strong fraud prevention policy so that employees do not even think about committing fraud because of the severe consequences. To minimize fraud in company finances for example one way is to use cloudbased accounting software so that all transactions and financial data are monitored optimally. Ethics Training There should be proper ethics training for all employees that teaches them that ethics is most important in life and committing fraud or cheating in any situation is unethical which helps change the mindset of employees.



Also make sure the company has a strong code of ethics to ensure that they send the right message to employees when fraud occurs. And ensure that the code of ethics must be followed by all employees. Dont Tolerate Fraud Do not tolerate embezzlement and cheating. Many employees feel sorry for themselves after committing fraud and for this reason the organization should not be kind and should not tolerate bad things like this. Surprise Inspections and Audits There must be a system of unannounced checks visits by top management and auditors must also carry out unannounced audits to ensure that there is no fraud committed by or on the company. Anticipate the Fraud Triangle with Automatic Software.