The Wrap
You’re listening to the Wrap– a podcast by Warren Averett designed to help business leaders access the information that you need, when you need it, in the time that you have, so you can accomplish what’s important to you. Time is tight. Today’s professionals and executives have more things to keep up with and less time to do it than ever before. You’ve got to accomplish important things in the limited hours in your day. That’s why our advisors have wrapped up today’s most timely topics into a podcast with actionable advice. Now, let’s get down to business.
The Wrap
Episode 054: A Crash Course in Fraud Protection for Businesses
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Warren Averett
No business is immune to fraud, yet few businesses are proactive to examine their own risks. The trust in long-time employees, the convenience of automated payment systems and the simplicity of internal processes can all lull businesses into a false sense of security. And a false sense of security can quickly turn into financial hurt for your business due to fraud.
So, what can businesses do practically to protect themselves from fraud?
In this episode of The Wrap, Tammy McGaughy, CPA/ABV, CFF, CFE, who specializes in helping businesses identify and correct fraud instances, joins our hosts to discuss fraud protection for businesses.
After listening to this episode, you’ll be able to:
- Be aware of some of the most common types of fraud in businesses
- Grasp why there has been a recent uptick in business fraud cases and understand the causes of fraud
- See why having company credit cards can make your organization more vulnerable
- Implement immediate tactics that can help with fraud protection for businesses
- Know how to effectively monitor your organization’s fraud risk (without being in multiple locations at once)