Audits can save organizations from fraud

With the proper use of from the organization. 

CNBC reported that in a 2009 survey by the Association of Certified Fraud Examiners, it was revealed that businesses in the United States lose approximately 7 percent of their annual revenue due to fraud. In 48 percent of these cases, employees were the ones committing these acts.

The source suggested that in order to minimize the chances of embezzlement, spot checks and the use of audit solutions should be a part of company culture. When staff members understand that internal operations are subject to close examination, they may be much less likely to attempt misappropriation.

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