Methods of Financial Security System
The most effective method to obtain an adequate security system is placed on the integrity of the employees of the company. A company can take steps to improve the integrity of the employees and reduce the possibility of fraud by paying attention to, first, Hiring and firing practices. For hiring and firing the employees must be done carefully and selectively.
Second, Managing disgruntled employees. There are many employees who are doing the fraud in order to seek revenge or justice of the mistakes that have been imposed to them. Third, Employees training. Fraud will less occur in an environment where employees believe that security is the altogether responsibility for both employees and management. One way to prevent fraud is to design a system that is equipped with sufficient internal controls so that the fraud is difficult to be done by the outsiders or people inside the company.
June 7, 2010
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