Steps to Prevent Fraud

Steps to Prevent Fraud

• Have financial statements mailed to home or a separate location.
• Reconcile statements within 10 days of receiving them.
• Secure check stock, check on it periodically.
• Use the banking services Positive Pay or Reverse Positive Pay.
• Conduct background checks on employees.
• Trust, but verify.

Steps to Recover from Fraud

• Alert banks, put a stop on any questionable transactions.
• Begin a documented audit immediately.
• Seek professional assistance from PIs and accounting investigators.
• Do not fire suspects; try to keep in contact with them.
• Change locks.