Tips to prevent business fraud

Tips to prevent business fraud

Business fraud is a significant and growing issue for small business owners.

Although fraud is not completely unavoidable, there are ways businesses can protect their private and confidential information.

Here are five tips to help secure your business information:
– IT security. Using effective IT measures, as well as ensuring websites are secure and safe for individuals to use.
– Physical security. Regulating access to the workplace and securing workshops and storage areas.
– Testing. Regular testing of security systems to identify any weaknesses that require attention.
– Screening applicant’s past history. Ensure to complete appropriate background checks before hiring a new staff member, such as criminal history and verification of qualifications.
– Workplace policies. Training staff on their responsibilities under the business’s privacy policy, as well as conducting compliance reviews.


If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.

Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.

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