Fraud detection is becoming more and more important as the business world leans heavily on technology and an influx of data. In recent years, fraud attempts have increased dramatically, thus calling for a fraud detection system that is widespread, efficient, and effective in the workplace. Business owners, boards of directors,….
Tag: Fraud Prevention
Fraud is defined as “any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain”, based on a report from the Association of Certified Fraud Examiners (ACFE) entitled Managing the Business Risk of Fraud: A Practical Guide. Every organization,….