{"id":34785,"date":"2024-04-26T22:57:00","date_gmt":"2024-04-26T22:57:00","guid":{"rendered":"http:\/\/localhost\/branding\/managing-crimes-in-an-organization\/"},"modified":"2024-04-26T22:57:00","modified_gmt":"2024-04-26T22:57:00","slug":"managing-crimes-in-an-organization","status":"publish","type":"post","link":"https:\/\/sheilathewriter.com\/blog\/managing-crimes-in-an-organization\/","title":{"rendered":"Managing Crimes in an Organization"},"content":{"rendered":"

Managing Crimes in an OrganizationAs a business manager, fraud is one of the most common crimes that I would have the ability to prevent. Fraud in business may occur in different ways that include assets misappropriation, financial statement fraud, and corruption. Of all three, corruption is one of the biggest challenges since there is no evidence to link it with the employees; it involves extortion, bribery as well as the conflict of interests. However, corruption in the organization is not as prevalent as asset misappropriation, which makes up to 90% of all the fraud cases in the company. Asset misappropriation refers to all the schemes in which the employees exploit or steal the resources that belong to the organization without permission. An example of asset misappropriation includes stealing cash before recording, taking non-cash assets that belong to the company as well as making false reimbursement claims so that an employee can be compensated. Fraud crimes are of great concern to managers as they may lead to lots of losses to the company and also damage the organization\u2019s image. One of the best ways that I can use to manage cases of fraud in the organization is by hiring trustworthy employees as well as experts who will help in running honest transactions. Another policy would be living to the organization\u2019s corporate culture, which is free from fraud. Based on this, any employee who is caught to have committed fraud would be fired until the organization\u2019s culture is upheld. Another crucial policy is setting up anti-fraud policies and fraud detection strategies and make them visible to the employees to help deter such acts of fraud within the organization. <\/p>\n","protected":false},"excerpt":{"rendered":"

Managing Crimes in an OrganizationAs a business manager, fraud is one of the most common crimes that I would have<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-34785","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nManaging Crimes in an Organization - sheilathewriter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sheilathewriter.com\/blog\/managing-crimes-in-an-organization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Managing Crimes in an Organization - sheilathewriter\" \/>\n<meta property=\"og:description\" content=\"Managing Crimes in an OrganizationAs a business manager, fraud is one of the most common crimes that I would have\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sheilathewriter.com\/blog\/managing-crimes-in-an-organization\/\" \/>\n<meta property=\"og:site_name\" content=\"sheilathewriter\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-26T22:57:00+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sheilathewriter.com\/blog\/managing-crimes-in-an-organization\/\",\"url\":\"https:\/\/sheilathewriter.com\/blog\/managing-crimes-in-an-organization\/\",\"name\":\"Managing Crimes in an Organization - 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