© D.L. Crumbley
KPMG provides 10 steps to follow when an organization finds or suspects fraud:
Shut the door! Keep assets secure until you can provide appropriate long-term security.
Safeguard the evidence. Ensure that all records and documents necessary for an investigation remain intact and are not altered by you or anyone else.
Notify your insurer. Failure to notify may negate your coverage.
Call a professional. Do not confront or terminate the employment of a suspected perpetrator without first consulting your legal advisor.
Prioritize your objectives. What’s most important: punishment, loss recovery, prevention, detection of future occurrences?