ACS News

The Association of Certified Fraud Examiners estimates that occupational fraud and financial abuse costs United States organizations more than 400 billion annually. If you think fraud only strikes big business you are wrong. Business with fewer than 100 employees are the most vulnerable to fraud losing an average $9.00 per employee per day. Smaller business often do not have pre-employment screening and continual review programs in place trusting instinctual feelings. Business Week in March of 2009 points out that instances of employee theft increase during times of recession as employees become more financially desperate or disgruntled or both. Hard times bring more fraud and deceit and make every employer even more mindful of the necessity of a quality factual pre/post employment screening policy.