How can I protect my business from fraud?

What are some effective ways to protect my business from fraud?

To protect your business from fraud, consider implementing strong internal controls, employee training, and regular audits.

What specific internal controls should I focus on?

Focus on segregation of duties, access controls, and regular reconciliation of accounts to minimize fraud risks.

How can I train my employees to recognize fraud?

Provide training sessions on common fraud schemes, encourage reporting suspicious activities, and share real-life examples.

Are there any tools or software that can help?

Yes, consider using fraud detection software, accounting tools with fraud alerts, and secure payment processing systems.