Preventing and Detecting Employee Theft and Embezzlement: A Practical Guide
- 3h 59m
- Stephen Pedneault
- John Wiley & Sons (US)
- 2010
You're a busy business owner. You don't have time to think about whether or not any of your employees may be stealing from you or embezzling from your business. Or . . . do you?
Based on author Stephen Pedneault's experience of over twenty years working with clients and counsel in a wide range of employment-related issues—many stemming from some type of theft or embezzlement of assets, money, proprietary information, or all three—Preventing and Detecting Employee Theft and Embezzlement: A Practical Guide is the readable, useful resource that will help you better protect your business.
From implementing prudent hiring policies and practices through collecting receipts, making deposits, writing checks, paying employees, and evaluating the adequacy of insurance coverage, this essential book covers the major financial areas commonly found in most small businesses, and provides you with easy steps to follow in preventing and detecting embezzlement.
With checklists at the end of each chapter so you can literally start protecting your business right away, this practical guide takes a closer look at:
- Why you would be wise to perform independent due diligence on a potential employee—even if they are referred by someone else
- The truth about contacting past employers when checking on a candidate—why it's not much help
- What you must do in the hiring process to better protect yourself and your business
- How to know and monitor your existing employees
If you are a business owner—even if your business is very small—and you don't want to get burned by employee theft or embezzlement of any kind, Preventing and Detecting Employee Theft and Embezzlement is the practical guide you want to keep by your side. Its shorter chapters, checklists, and cases are specifically designed to work with your busy schedule, to make prevention and detection of employee theft a more effortless reality in your business.
About the Author
STEPHEN PEDNEAULT, CPA/CFF, CFE, is the founder and Principal of Forensic Accounting Services, LLC, a CPA firm specializing in forensic accounting, employee fraud, and litigation support matters. Steve is the author of Fraud 101: Techniques and Strategies for Understanding Fraud and Anatomy of a Fraud Investigation, and a contributor to Fraud Casebook: Lessons from the Bad Side of Business, all published by Wiley. Steve has also written numerous articles appearing in local and national media, and is a frequent speaker on the subjects of employee embezzlement and forensic accounting.
In this Book
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Introduction
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Hiring the Right Employees
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Know Your Employees
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Sales, Cash Receipts, and Collections
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Credit Card Sales, Transactions, and Merchant Statements
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Purchases, Cash Disbursements, Checks, and Petty Cash
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Credit Cards and Debit Cards
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Employee Expense Reimbursement
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Electronic Banking
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Payroll Processing
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Inventory Issues and Controls
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Bank Statements, Canceled Checks, and Reconciliations
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Financial Reports
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Safeguarding Your Bookkeeping or Accounting Systems
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Prevention, Detection, and Insurance
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Your Response to an Identified or Potential Issue
