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The most common fraud risk factors

  • Large amounts of cash in hand
  • Small stock items with a high cash value
  • Easily convertible assets (eg. tools, vehicles)
  • Failure to clearly separate key duties
  • Employee awareness of future redundancies
  • Disgruntled employees with access to significant assets
  • Poor physical safeguards over cash and other assets
  • Untimely or poorly organised documentation for transactions
  • Lack of mandatory holidays for employees performing key control functions
  • Missing or unexplained documents
  • Inappropriate supervision, especially where employees are in remote locations
  • Insecure company website