If companies aren't implementing the correct financial controls, including conducting want the public to rest assured and certainly the residents of Buena Park that we have put additional safeguards in place now to ensure this never happens again," said Buena Park City Manager Jim Vanderpool, the source reported.
Fraud Magazine asserted that one way organization leaders can guard against false invoices is to require extensive documentation before making any payments to vendors. Businesses should only send out checks when purchase orders, invoices and receiving orders are all present.
Additionally, frequently using audit solutions to investigate the state of financial operations can be a strong preventative measure. This way, enterprise leaders may be able to discover discrepancies and resolve them before large amounts of money are lost.