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, and 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.