Typical Signs of Business Fraud
Watch out for these signs in your business!
vfd
net
transforms finance functions by:
-
Unexplained large purchases
or holidays
-
An
extravagent lifestyle
which appears to be ou of line with the persons salary.
-
Any
addictions
- this might be to alcohol, gambling, or gaming.
-
Extra marital affairs
- these put pressure on an employees finances often driving fraud.
-
Small errors
or inconsistencies - this could be on expense claims or other purchases
-
Paying above normal cost
for Goods or services.
-
Unauthorised payroll payments
eg overtime or allowances
-
Fictitious payroll
or supplier names
-
Unreconciled supplier statements
-
Round sum
payments
vfd
net
regularly conducts Finance function reviews, which include an assessment of the strength of business controls. Please
Contact us
for a no obligation discussion about how we can help you.
Since working with us, our VFD Richard, has developed our financial understanding of the business to a completely new level. Through simple analysis and development of effective and clear systems and reporting frameworks, he has helped us get control of our position and have a new confidence in the figures and projections for the business. He has also added a new level of professional financial scrutiny to our projects and meetings. His knowledge and understanding have also helped us to develop and expand the knowledge and skills of our existing team, empowering and enabling them to take on greater responsibilities. Going forward we look forward to working closely with Richard as we develop the business further over the next few years.
Director and majority shareholder
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