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When you suspect employee fraud...

Suspecting an employee of fraud can put you in a difficult position.

Numera can help firms in the London area to develop their business and improve their profitability. Here we consider the best course of action when you suspect employee fraud.

Suppose you suspect that somebody in your company is stealing or involved in a fraud scheme. You may discover an employee working unreasonably late, or the person in charge of purchasing may be spending an unusual amount of time with a supplier. Perhaps a member of the sales staff hands in a large expenses bill, but claims to have lost the receipts.

What should you do?

Innocent until proven guilty

A strong suspicion that an employee is committing fraud will put you in an awkward position. Bear in mind that behaviour that looks dishonest often turns out to be perfectly legitimate. Avoid jumping to conclusions or immediately confronting the suspected person. Instead, consult your legal advisor and, if necessary, he or she will recommend the services of a forensic accountant.

Until you have proof of wrongdoing, you should exercise caution and attempt to carry on with business as usual. An investigation should be discreet, to avoid alerting the employee to the fact that they are under suspicion until the appropriate moment.

If fraud is discovered

If a case of fraud is discovered, you must decide how to tackle the matter. Many companies vigorously prosecute all crimes perpetrated against them in court, to convey the message that fraud and theft will not be tolerated. Others prefer to settle these matters privately to avoid publicity.

Numera work with many local enterprises in London and would be happy to advise on a range of business matters to suit you.

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Company details

020 7794 5757

Numera, 4th Floor Charles House, 108-110 Finchley Road, London NW3 5JJ

Numera is a trading name of Numera Partners LLP | Company Registration No. OC365787 | Place of Registration: England & Wales | Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales.

About us

Numera is a newly established forward-thinking firm of chartered accountants, with over 25 years in experience of audit, accountancy, taxation and business advisory services.

We work with clients in a large variety of industries and sectors; from sole traders to multi-million pound turnover organisations. We aim to create and maintain a close relationship with our clients. By being so involved, we are able to identify opportunities for our clients as well as possible risks that our clients may be faced with.

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