How should a company handle a case of suspected fraud?

The economic downturn in Ireland has increased the financial pressure on people.  PwC partner Bob Semple said in 2009 that “No organisation or industry is immune from the threat of fraud… In these tough times, the temptation to take part in a fraud may overcome ethical values.”  Or as Andrew Brown from Deloitte put it, “think of the current pressures that may be on individuals stagnant earnings, no bonuses, the possibility of job losses – all of these, and more, increase the likelihood of an individual to commit fraud.”

Ideally employee fraud, for example, financial irregularities or theft, would not happen.  And employers can work to prevent such fraud through