Denise Grove: Practical and Easy Tips to Reduce the Probability of Business Fraud

Show Summary Are you ready for today's episode? Learn the practical tips from today's guest, Denise Grove, for the small to medium-sized business owners on how to catch the frauds and embezzlements before they go too far. One of the questions that come to mind is why don't people often report frauds? The reason is plain simple. They are embarrassed that they were caught off guard with usually someone very trusted. That's why we have to TRUST BUT VERIFY. When dumping responsibility to someone to not deal with money, business owners give an employee so much power, and the temptation will probably trigger an embezzlement situation. Denise shares the practical tips or systems to TRUST AND VERIFY that business owners can implement. One of these tips is to have paper bank statements, paper credit card bills, and paper loan statements. Have it sent to the business owner's home address or the person primarily responsible for the accounting or financial side of the business, and make sure they cannot get access to the envelope with all the paper files before the owner opens it. Denise also discusses what to do when we catch someone who does fraudulent acts in our company. This interesting episode has a lot of great tips to protect your businesses from embezzlements and frauds. Listen to this episode, and don't forget to leave your insights below.   Website: https://cfo-support.com/ Facebook: https://www.facebook.com/CFOSupportInc/ LinkedIn: https://www.linkedin.com/in/dwgrove/ Twitter:https://twitter.com/dwgrove Pinterest: https://www.pinterest.com/dwhitlockgrove/financial-coaching/ Sign up for my newsletter: http://lp.constantcontactpages.com/su/CK2muAO/Spring2021 Corporate Partner: People Process - https://peopleprocesses.com/