Internal fraud: What is it and how to organize prevention with Forensic Accounting Services in India?

 Internal fraud is very expensive for all companies, whatever their activity. Each year, they represent a loss of a great part of their turnover. If large companies are at the forefront of major media scandals, SMEs are also very hard hit. What are these internal frauds? How to act to protect yourself from it? What is the role of Forensic Accounting Services in India? Let’s know!

The main internal frauds

 

Internal fraud is committed by one or more company employees. It is defined as intentional deception or concealment for the purpose of obtaining personal financial gain. All of the company’s departments may be concerned: accounting and payroll, financial management, purchasing, sales, etc.



https://www.cac.net.in/blog/internal-fraud-what-is-it-and-how-to-organize-prevention-with-forensic-accounting-services-in-india/

Comments

Post a Comment

Popular posts from this blog

How Is The Valuation Of A Company Done?

A company valuation measures the environment and everything that a business includes including fixed/current assets, liabilities, brand, personnel, technology, etc. That is, the entire environment in technical and economic matter of the same. Specifically, it is the economic capacity that a business has to generate cash flow or profits in the future, it must have long-term growth in its projection and an expected return due to internal and external factors that reflect the operation, environment and virtues of the company itself. Read More: https://www.cac.net.in/blog/how-is-the-valuation-of-a-company-done/
Read more

Increase the return on fixed assets with Fixed Asset Management Consultants

  Fixed assets are an important production factor of an enterprise and an important part of enterprise operation and management. Its management runs through the whole process of enterprise production and operation. Fixed Asset Management Consultants Companies  can improve the working life and efficiency of assets and ensure asset safety and integrity. At the same time, it can effectively prevent the loss of assets and ensure the preservation and appreciation of assets. https://www.cac.net.in/blog/increase-the-return-on-fixed-assets-with-fixed-asset-management-consultants/
Read more

How and when businesses can use Forensic Accounting Services?

  We all know that frauds are fatal for a business’ growth, however, fraudulent acts in the workplace are committed at various levels (members of the board of directors, officers, or employees). Internal fraud is probably the most widespread and significant threat to companies which can be avoided with the help of  Forensic Accounting Services in India . Often, small businesses don’t have a detection system in place. Usually, either the owners of micro and small businesses perceive implementing policies as costly, or they may not know how to go about detecting fraud. https://www.cac.net.in/blog/how-and-when-businesses-can-use-forensic-accounting-services/
Read more