Embezzlement does not always occur in one lump sum – more often, these incidents happen throughout several months or even years. These issues may go undetected if businesses are not conscious of the importance of using other problems, the news provider explained. Laura Johnston, one of the company’s owners, said she hadn’t suspected the theft, and that it has left her feeling betrayed.
The Dayton Daily News emphasized that for embezzlement to occur, there need to be several factors present, including perceived financial pressure, opportunity and the ability to rationalize the crime. The latter two factors go hand-in-hand: If there are no financial controls in place at an organization, employees may begin to take money, and this lack of oversight can also make the behavior feel justifiable. By using audit solutions, businesses can eliminate the factors they can control to better prevent fraud.