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The administration of money, goods and
work-time is a critical factor for the profitability of an organisation.
If the data is not up-to-date, not conveniently arranged, or there is a
lack of clear cross-referencing, the chance of fraud cannot be excluded.
Fraud with money is always the preference of the fraudster. Why? Because
it is easier to carry and to hide, and no tax needs to be paid on it.
Theft of goods usually brings less than theft of money because money
maintains 100% value whereas goods have to be sold at reduced prices. It
is often used for pocket money and for extramarital expenses and easiest
to obtain by regularly dipping into the cash, not always putting sales
or repair charges through the book-keeping or the cash register, or
fiddling with expense declarations or credit notes.
Because not everyone has access to the cash of the business, people in
other functions are forced to be satisfied with goods from the
production line or the stores. These may be for selling, exchanging for
other stolen goods, or giving as gifts.
The third possible loss to your company comes from misuse of time off
the premises. Trading or working on their own account or for a third
party by your representatives, the private transportation in your
vehicles by your drivers, and work carried out for their own clients by
your mechanics, builders or other service personnel (perhaps evening
using your tools, parts and materials) can make a large hole in your
company’s profits.
If the quarterly figures of the company show little difference, by
preference working in percentages and not in monetary amounts, and the
administration during holidays etc is locked away from ‘unauthorised’
persons, then it is probably time to have a confidential talk with one
of our experts.
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Prevention Guide | Volume 7 | No: 1 | article 2 |
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GHH Senior Prevention Guide is a free, periodic publication of:
GHH Senior
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P.O. Box 1469 - 1300 BL Almere - The
Netherlands
Phone: +31 (0) 36 5211027 Fax: +31 (0) 36 5305186
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Website: www.ghhsr.com
Head Office: G.H. Hoffmann Senior Ltd., P.O. Box 145, Alderney GY9 3HG,
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Email: g_h_hoffmann@cwgsy.net
Website:
www.ghhsr-investigations.com
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copyright 2005 GHH Senior.
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