Tag Archives: employee fraud

  • Contacting the Police Article by SDCCPA

    Contacting the Police

    A recent study by the University of Cincinnati found 64% of small businesses surveyed to have experienced employee theft. The study surveyed 314 small business owners in Cincinnati in a range of industries: finance and banking, manufacturing, service, and restaurant and retail. Despite the high number of incidences of employee theft, only 16% of those […]

  • The Face of Fraud Article by SDCCPA

    The Face of Fraud

    Crime tends to require three elements: motive, desire and opportunity. Employee theft is no different. Being aware of the reasons leading up to employee theft and learning to identify likely perpetrators can give employers a leg up on protecting their companies from theft. Motive & Desire Employees who steal usually have their motives. For example, […]

  • Who's on Your Payroll Article by SDCCPA

    Who’s on Your Payroll?

    Make no mistake. Payroll fraud is real. Recently, the Association of Certified Fraud Examiners (ACFE) found payroll fraud occurred in 27% of all businesses, nearly twice as often in small businesses. Worsening the outlook, payroll fraud lasts for an average of three years, with businesses taking a median hit of $145,000.00. That’s three years of […]

  • SDC CPA Hot Topics

    Monster Tires are Hot

    The auto parts industry has historically experienced one of the highest frequency rates of employee theft. Why? It’s easy. Auto parts are easily stolen and sold for cash. eBay and PayPal have made it simple to obtain a larger distribution market for the employee to sell the stolen auto parts. Recently, in 2014 and 2015, […]