The spread of COVID-19 has changed the way we do a lot of things, but one aspect of our lives that has been flipped entirely upside-down is how we conduct business. Small and large businesses alike have had to re-strategize their approach to customer relations, employee management, and product output within a very short amount of time, often without fully understanding how it could impact their security.
Two articles from the March 2021 issue of Journal of Accountancy magazine offer insight into how you can spot weak areas in your company’s security and prevent criminal activity before it occurs. Some of these strategies include:
- Familiarizing yourself with what types of fraud are most common in your field of business
- Prioritizing good security while planning your budget– being cheap now can be very costly in the long run!
- Investing in hotlines and other effective reporting mechanisms
For more information on how to prevent fraudulent activity in your business, visit the links provided below:
- Staying vigilant against fraud during the pandemic: https://www.journalofaccountancy.com/issues/2021/mar/stay-vigilant-against-fraud-during-coronavirus-pandemic.html
- Fighting fraud on a limited budget: https://www.journalofaccountancy.com/issues/2021/mar/fight-fraud-on-a-limited-budget.html
For additional information about business security, or if you are in need of a dependable accountant, contact Barbara Holmes CPA at email@example.com