01/25/2017

How to Create a No-Fraud Work Environment

Prevent fraud through strong oversight

More than 80 percent of corporate executives said their companies experienced a fraud incident in the past year, according to a new study. One expert whose association lived through the nightmare shares how to avoid the same fate.

Leslie Midgley, CAE, executive VP and CEO of the Texas Land Title Association (TLTA), is no stranger to fraud. Although it’s been more than a decade since the group’s former CFO embezzled north of $150,000, Midgley said “it’s not one of those things that you forget.”

Along with being unforgettable, fraud is also on the upswing. According to Kroll’s Annual Global Fraud and Risk Report, 82 percent of executives experienced instances of fraud at their companies between July 2015 and July 2016—up 7 percent from Kroll’s previous report in 2015.

Please click here to read the complete article from Associations Now.