Protecting Your Company Against Embezzlement
Source: Bank of America
When most people think of the term embezzlement, what often comes to mind are unscrupulous money manager's at large corporations who take millions of dollars through scams and fraud? However, embezzlement can and does happen even at the smallest of firms. The employee that manages payroll and cuts them an extra paycheck, or the employee that manages accounts payable and makes a payment to a "Mystery firm", even the employee who handles petty cash and uses a few bucks without authorization to buy their lunch are all examples of embezzlement.