Preventing Embezzlement

There are many opportunities for employee embezzlement to occur in a business or practice. There are, however, certain steps you can take to help prevent employee embezzlement. You must be diligent.

  • Make smart hiring decisions
  • Screen all potential employees
  • Conduct background checks on all employees
  • Educate yourself on how employees embezzle
  • Protect your signature and identity
  • Learn how to use your computer system
  • Check your day sheets, audit changes, preview daily reports and question all adjustments
  • Make sure to verify all credit card charges
  • Be visible, vary your schedule, practice what you preach

A business or practice owner must take the necessary steps to prevent embezzlement. Review your policies and procedures, and begin implementing the specific preventative safeguards.