Protecting your company from fraudulent behavior

When the time comes for you to recruit and hire new talent for your business endeavors, chances are you seek individuals that demonstrate industry knowledge, enthusiasm and the types of qualities that are reflective of a hard worker. However, do you ever think to consider a new employee's ability to be loyal, honest and ethical to protect the interests, assets and successes of your organization? At Gatlin Voelker, PLLC, we are familiar with the challenges of operating a business in Northern Kentucky and are experienced with helping business owners protect their core competencies. 

According to Business Ethics, a large part of preventing fraudulent activity in your organization is to create a culture where ethical behavior is encouraged through incentives. You can educate your employees on which types of behavior are acceptable and which are not. You can create an organizational ecology where committing fraud is difficult by incorporating preventative actions into the development of your business. Here are some of the things you can do:

  • Create a transparent protective barrier where you require management to be forthcoming with their actions.
  • Regularly monitor employee behavior and your company's fraud security through the use of risk analysis.
  • Develop a whistleblower program where your employees can be protected and feel comfortable notifying superiors of suspicious activity. 
  • Be vigilant in looking for red flags that could indicate that something is amiss. You may benefit from hiring a third-party to come in an analyze your company's culture and practices to identify potential problems before they become harmful to your organization's success.

By embedding these behaviors into your organizational functions and creating an honest and transparent company culture, you can prevent fraudulent activity from happening. For more information about business fraud, visit our web page. 

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Gatlin Voelker,PLLC

Gatlin Voelker, PLLC
2500 Chamber Center Dr.
Ste. 203
Fort Mitchell, KY 41017

Phone: 859-905-0946
Fax: 888-456-9179
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Call : 859-781-9100