It’s estimated that companies will lose about 5% of annual revenue to fraud or $4.7 trillion globally. While we dug into how the pandemic created opportunities for fraud in a previous episode, there is so much more business leaders and owners need to be aware of to prevent fraud before it’s too late. In this episode of the But Who’s Counting? podcast, host David E. Hartley sits down with Anders Partner and Director + Forensic, Valuation and Litigation, Kevin Summers, to dig into what you need to know, including:
- One of the best ways to prevent fraud in your organization
- How fraudsters alter documents for false expense reporting
- Real-life fraud examples, including the “praying AP clerk” and the “penny-pinching office manager”
- Why your company should have a process for setting up vendors
- Top 5 steps to take if you suspect fraud in your company
- Key takeaways from ACFE’s report, Occupational Fraud 2022: A Report to the Nations
Tune in to the full episode on Spotify or Apple Podcasts.
About But Who’s Counting?
Brought to you by Anders CPAs + Advisors, But Who’s Counting? is a podcast designed to provide real-world takeaways and examples of how business owners and C-suite executives can improve areas of their business. Podcast host and Anders Partner and Director + Advisory, David E. Hartley, sits down with fellow advisors and subject matter experts to share what they’re seeing in the marketplace and actionable advice business leaders can use to empower growth today and in the future.
Listen to But Who’s Counting? by subscribing on Spotify or Apple Podcasts and let us know what you think by rating and reviewing.
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