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Employee fraud ongoing problem in California

California business owners often face various situations that may potentially compromise the integrity and/or success of their businesses. Employee fraud is an ongoing issue for many that can have a long-lasting negative impact on the productivity and profitability of a company. A recent article listed several suggestions that may help employers prevent many types of fraud in the workplace.

Theft is one of the most common problems employers deal with among workers. Depending on the circumstances of an individual situation, employee theft can cause devastation to a business. Some say implementing internal monitoring and auditing systems goes a long way to protect business owners against in-house theft.

Other ways to prevent business theft include requiring two signatures on all signed checks that exceed a certain amount and making sure that employee records reconcile with payroll payee information. Employers will also want to verify all names and associations of new vendors to whom checks are being written. Even after taking precautions, theft and other employee fraud can occur that wreaks havoc in the workplace.

Any California business owner facing issues regarding missing funds or other possible employee fraud activity on the job can contact an attorney in the area for guidance. Such activities are illegal and employers have a right to take formal action against all involved parties. An experienced lawyer can help a business owner explore available options toward achieving a swift and positive resolution to a fraud problem that protects business interests and holds those responsible legally accountable for their actions.

Source: smallbusiness.findlaw.com, "Protecting Your Business Against Employee Fraud", Accessed on March 22, 2016

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