One of the best things you can do is implement a system of checks and balances. Don’t let one person be in charge of all of the money! Rotate duties if possible. It’s also a good idea to know what behavioral red flags to be on the look out for. According to the ACFE 2012 Report to the Nations the top behavioral red flags to be on the lookout for, include:
Living beyond one’s means
Having financial difficulties
Unusually close association with vendors or customers
Control issues or an unwillingness to share duties
Divorce or family problems
To learn more about preventing fraud in your brewery, contact Kit Powell, Certified Fraud Examiner.
I'm busy working on my blog posts. Watch this space!