As we near the first official day of spring, I’m struck by the deluge of “Spring Cleaning” offers popping up in my inbox. The sheer volume of ‘time to clean!’ reminders has forced me take stock of my surroundings. After tidying up a few things here and there I turned my attention to client storage. No, I’m not talking about the various boxes of tradeshow booths, tchotchkes, and general paperwork neatly labeled and organized in a back room.
A single case of fraud can be devastating to any organization regardless of size or corporate model. Most frauds go undetected for a number of years—the average being 18 months before detection—which results in a greater impact to your organization with often far reaching and lasting effects.
According to the 2014 Report to Nations produced by the Association of Certified Fraud Examiners (ACFE):