7 Vital Steps to Prevent Bookkeeping Fraud: Vendor Edition
According to statistics from the Association of Certified Fraud Examiners (ACFE) a typical fraud case causes a loss of $8,300 per month and lasts for 12 months before detection. Asset Misappropriation comprises 86% of cases with a median loss of $100,000. Nearly half of occupational fraud came from Operations, Accounting, Executive/Upper Management and Sales, with …
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