When accounts payable isn't well-monitored, misuse can easily fly under the radar. Beyond simply being difficult to detect without the necessary controls in place, fraud can also be obscured by interpersonal bonds.
According to Cincinnati.com, former Covington, Ohio, Finance Director between $8,000 and $10,000 each.
One strong reason for organization to use audit solutions frequently is that investigations can act as a crucial support system in difficult times, Fraud Magazine pointed out. Often, shocked business owners don't know what to do when they suspect crime, and the emotional impact of a trusted worker violating his or her relationship with the enterprise can lead to unwise behavior. Mistakes in these volatile times could hurt an investigation, the news provider cautioned, or even threaten the effectiveness of the recovery audit process.