Paul K. Graser, CFE
Sr. Investigative Specialist
St. Louis, Missouri
A company's most significant investment is typically in the people they hire. Companies spend time and money on training, but it's a necessary cost of business.
Usually, small businesses hire employees based on previously established relationships or referrals from trusted contacts. The extent of formal background checks varies from business to business. Small businesses often don't have the resources to investigate prospective employees as comprehensively as larger corporations do.
Despite the size of a company or the number of background checks performed, even the most honest employee can make a bad choice that could negatively impact the company. Fortunately, there are controls business owners can put in place to prevent employee fraud.
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