• Conduct annual financial audits: Make sure the balance sheet and income statement match up.

• All forms of fake signatures, whether if it is internal or external, are to be investigated and lead to Membership cancellation

• Report to HR or one of the Board Members for any suspicious fraud actions

• All forms of payment or expenses will be approved by at least 75% of the Board Members.  

• Submitting working hours to managers for approval

• Requiring dual or more approval for creating new employees

• Background checks for new employees

• Fake Payroll Scheme. (Routine payroll audits)

• Routine inventory counts and reviews, such as cycle counting.

• Physical security, such as locked doors, cameras, badge readers, and visitor management systems

• Zero tolerance for theft of the company’s property.

• At least two Board Members will approve credit card reports to avoid Embezzlement.

• Bribery Kickbacks are not acceptable (is a bribe paid incrementally by the contractor as it is paid, usually an agreed percentage of the contract)

• All data will be stored in a secure cloud or a secured local server.

• The organization network will use a secure firewall to avoid data hacking from external intruders.

• Access to organization data is only limited to approved Employees of the organization. 

• Financial Statement Fraud (Deliberately misrepresent an organization’s financial situation through omission of amounts and intentional misstatement of finances, including overstating or understating profits, revenues and assets, and overstating and understating losses, expenses, and liabilities )

This includes Increased annual bonuses and loan terms.