Norman Grill Fraud

Decent Essays

Harold became the CFO and a model employee, as stated he worked long hours, never took vacations and personally managed all aspects of the cash function. This made it possible for Harold to cover the embezzlement. According to periodical” Five steps to prevent fraud” by Norman Grill, it is fundamental to segregate the key assets into three categories: authorization, custody and record keeping. It states that by handling all major assets in this manner creates a system of checks and balances that will connect any dishonest employee from misusing the item.

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