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Business fraud drains billions of dollars from the business community each year, yet many instances of fraud are entirely preventable. Books on auditing and fraud may offer valuable insight for business owners looking to protect against, identify, and eliminate illegal financial activity.
Fraud can occur in many ways, from a vendor that never pays for a transaction to an employee who launders money from inside your company. A well-rounded and consistent auditing plan can counteract nearly every type of fraudulent activity. Routine audits may alert companies to suspicious behavior while lowering incentives for fraudsters. Performing business audits need not be expensive. Many business owners find that studying books on auditing and fraud provides enough knowledge to perform simple internal audits. A wide selection of auditing textbooks and software programs are easily accessible online. Other businesses may prefer to utilize the expertise of a reputable professional accountant to conduct audits.
Whichever auditing method you choose for your business, taking the time to routinely analyze company operations for strange activity or red flags can protect your bottom line. Business.com is a reliable resource that assists businesses interested in solutions like auditing and fraud prevention services. To learn more, visit the list of links to the left.