Fighting off fraud

Weber, Rick
November 2010
Trailer / Body Builders;Nov2010, Vol. 52 Issue 1, p41
Trade Publication
The article explores the revelation of Greg Althardt and Terry Werner of LarsonAllen LLC that the controller of the dealership does the most significant employee fraud due to his ability to override controls, easy access to cash and accounting knowledge. In their presentation "Identifying and Preventing Fraud," they further disclosed that company credit card, wire transactions and payroll fraud are among the most common dealership thefts. They suggest monthly income and expense trend reports be done, among others, to avoid employee theft.


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