Foiling Employee Financial Misconduct In Tough Times
November 12, 2008, 12:00 AM EST
Law360, New York (November 12, 2008, 12:00 AM EST) -- Challenging economic times may tempt financially stressed employees to access their employers’ assets in an attempt to solve their problems. As a result, employers could experience an increase in incidents of employee embezzlement, misdirection or misuse of company property. Now is a good time for employment counsel to review basic steps in assisting clients with instances of suspected financial misconduct.
Preventative measures could detect or deter possible financial misconduct. These steps can include a review of basic accounting procedures, especially where they involve accounts payable and...