Fraud Prevention

When we talk of risk, those with financial issues are more likely to embezzle, steal company property, and or falsify hours. Financial pressure is one of the main reasons why people commit criminal acts within organizations. The other two are rationalization for the crime and access to or the ability to commit a crime or an act of moral turpitude.

Credit and background checks are often performed for accounting, finance, and other departments with significant risk exposure. Those with poor credit histories and high debt-to-income ratios are considered riskier and may not get hired as quickly.

Telling a manager or supervisor anything regarding one’s financial situation can jeopardize their job as now they are viewed as a liability. Also, any confidential matter should remain out of the purview of the workplace. When sharing personal information is necessary to access assistance programs, counseling, resources, short-term disability, or other benefits, it should be done discretely and only involving those needing to know, such as third parties and human resources.