Technology partners employee frauds
Technological advancement has been part and parcel of our overall development and efficiency. Tasks which use to take months to complete can be done within few minutes and with far lesser cost and manpower. There is no doubt that technology has made our lives easier but on the other hand it has given more options and ways to people those who intend to do fraudulent activities. Technology doesn’t mean creation of an artificial intelligence as it remains at the mercy of the user. If the intensions of the users are not good then technology can also cause havoc.
Let us take a simple example of attendance musters at an office. More traditionally employees would each morning sign and register their attendance for the day in these musters. Few smarter ones started signing these musters late in the evening for the next day so if next morning they do not enter the office their attendance is already registered as per official records. Technology stepped in and each employee was issued electronic cards which they are suppose to swipe at the office door every time they enter or exist it so that proper and more authentic record of their presence could be maintained. People became even smarter started requesting their colleagues to swipe their cards in and out so that their attendance can be maintained even if they are away from office. Point is no matter how good a technology you may use but if you do not have proper checks and balances in the system technology alone cannot solve any purpose.
Many warehouses have cameras installed to record every movement but there are ways and means available to jam these cameras or erase their recording so that no one can know what happened during a particular time. Technology should always be assisted by strong procedures and checks to be effective and fool proof. There are business consultants available those who are experts in financial forensics and can be of great help under such circumstances. In case in spite of taking all the help from the technology if you fear that still there is something going wrong in your organization you should definitely take advise from one of financial forensics experts. These experts have vast experience in investigating and cracking the fraudulent activities prevalent across business circles.
A financial forensics expert could be engaged to do a overall audit of your organization or for a particular case or a transactions. These experts can also find you find the real and accurate financial health of a company which might be different from what is reflected by their books of accounts. You can only prevent fraud being vigilant yourself and taking proper steps to make your organization a better and safe.
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