Forcing employees to take holidays for a fortnight could help businesses detect fraud and save millions of pounds. [15 August 2011]
Investigators at Ernst & Young are advising companies that the summer holiday season is the peak time for detecting fraud, as employees tend to take a longer break during this time. Alarm bells are raised by suspicious bosses and co-workers who take on the work of cheating employees and notice things that are not quite right.
Ernst & Young says that enforcing two week holidays for company employees could reduce fraud by millions across the UK.
The firm says that the typical profile of an insider fraudster is a long serving, trusted employee, who works long hours and who is reluctant to take their annual leave.
Ernst & Young is issuing some advice for businesses to help detect and reduce fraud:
Read more about insider fraud during the holidays on Ernst & Young’s website.
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