Question

What steps can be taken against financial accounting fraud?

Answer 1

An organisation can take the following steps to defend itself from misleading accounting:

1. Thoroughly check all worker's curriculum vitae and references. 
2. Create and communicate a whistle blower policy.
3. Limit and thoroughly monitor access to sensitive information.
4. To control access to systems and buildings, use a unique identification and password.
5. Employee jobs are rotated.
6. Clearly separate responsibilities.