Preventing fraud increases profitability and that is one of the most underestimated results in the mindset of the C-level.
Are you curious how to improve your profitability by preventing fraud and fostering a culture of integrity?
Learn in this episode how you are able to boost your profit with six practical pillars.
Establishing and implementing strong, understandable, and practical internal policies
Update relevant training
Establish a reporting process
Set and “rolemodel” the tone at the top
Check what you hire
Be consistent, transparent and fair
It seems to be obvious and is easily understood that any kind of incident in non-compliance and fraud costs and it is reflected in several studies, also in the report to the nation of the ACFE, 5% of the yearly margin is spent to fraud.
Should we spend this portion or should we better invest it?
IMPORTANT LINKS AND MENTIONS
The followig episodes might be also of interest for you when you care about protecting your organisations most precious assets:
Thank you for joining me on this episode of THE HUMAN FACTOR – Corporate Integrity Matters. If you enjoyed this episode, please share, subscribe, and review on Apple Podcasts or Google Play Music so more people can enjoy the upcoming episodes.