Kickbacks return a portion of the money exchanged in a business transaction as compensation for favorable treatment. They’re illegal, but you may have trouble identifying kickbacks because they’re often disguised as gifts, travel or entertainment. The main difference is the gift-giver’s intent. Your employees shouldn’t accept gifts offered to improperly influence business decisions or that
kickbacks Archives - Crawford Ellenbogen
Jun 27, 2019
May 23, 2019
Antifraud checklist for construction companies
- By Ellenbogen
- Fraud
- 0 Comments
Defrauded companies lose a median $130,000. But construction companies are hit even harder, with a median loss of $227,000. What can you do to protect your construction business? Tighten your internal controls. In addition to conducting surprise audits, segregate duties — meaning that more than one person handles accounting tasks. Require employee vacations, and have