Most common fraud risk factors

• Large amounts of cash in hand
• Small stock with a high cash value
• Easily convertible assets (eg. tools, vehicles)
• Failure to clearly separate key duties
• Employee awareness of future redundancies
• Disgruntled employees with access to significant assets
• Poor physical safeguards over cash and other assets
• Untimely or poorly organised documentation for transactions
• Lack of mandatory holidays for employees performing key control functions
• Missing or unexplained documents
• Inappropriate supervision, especially where employees are in remote locations