Investigating internal fraud: A Central Penn Business Journal roundtable featuring Boyer & Ritter
Companies of all size are increasingly facing dangers from within, many times from long-time, trusted employees.
“Typically businesses believe they have really good controls in place until something happens,’’ says Lisa Myers, who leads Boyer & Ritter’s Forensic, Litigation Support and Consulting Group.
Myers recently joinedBill Dean with LBMC Information Security and Thomas A. French, a partner with Rhoads & Sinon, in a roundtable discussion promoted by the Central Penn Business Journal looking at the threats companies face from internal fraud, how to lessen the risk of it happening how to respond if there is a theft.
While no one wants to believe someone they’ve known for years will be a thief, the panel stressed that it’s important to look for warning signs. Red flags include a person suddenly living beyond their means to seeing a spike in the number of email with attachments or more printing of documents, which may be a sign the employee is stealing confidential material.
“Typically something has changed in somebody’s life,’’ Myers says. “In one of the cases that drew me into this profession, the individual had his parents in different nursing homes, and that’s very expensive. And he was getting ready to retire.’’
To read the entire discussion, click here.