Most common fraud risk factors

At Walker Moyle we can provide businesses in the West Cornwall area with support and advice in many important areas. Here are some of employee fraud warning signs to look out for.

Beware of the most common fraud risk factors for your business. These might include:

  1. Large amounts of cash in hand
  2. Small inventory with a high cash value
  3. Easily convertible assets (eg. tools, vehicles)
  4. Lack of separation of employee duties
  5. Employee awareness of future redundancies
  6. Disgruntled employees with access to significant assets
  7. Poor physical safeguards over cash and other assets
  8. Untimely and poorly organised documentation for transactions
  9. Lack of mandatory holiday for employees performing key control functions
  10. Missing or unexplained documents
  11. Inappropriate supervision - such as remote locations.

If you are looking for professional assistance from a team of accountants and business advisers in the West Cornwall area, contact Walker Moyle.

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© 2018 Walker Moyle. All rights reserved. | Walker Moyle is a trading name of Walker Moyle Ltd. Registered in England and Wales No 09173854
Registered Office: Alverton Pavilion, Trewithen Road, Penzance, Cornwall, TR18 4LS

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Walker Moyle, Alverton Pavilion, Trewithen Road, Penzance, Cornwall TR18 4LS
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