Voices: Power Lunch

Swap the Food Pyramid for the Fraud Triangle

Keep your business healthy with these guidelines for understanding and preventing internal fraud.

By D. M. Studler, SDC CPAs LLC
Jan 5, 2015

Pulling the Curtain Back Companies big and small suffer losses from employee dishonesty and employee theft, otherwise known as “fidelity.” According to the 2014 “Report to the Nations on Occupational Fraud and Abuse,” by the Association of Certified Fraud Examiners (ACFE), a typical business can expect to lose 5 percent of its revenue to fraud each year, many instances of which go completely unnoticed.

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