Recognizing Occupational Fraud

Types of occupational fraud include embezzling, insider trading, forging checks, expense reports and vendor invoices.

* Invoices from fake vendors – an employee can create a fictitious vendor, mail a check to the fake vendor with your business’ name on it and then cash the check for themselves.

* Missing property – laptops or other computing equipment can be an easy target for employees.

* Fraudulent expense reports – some company reports are merely skimmed over for approval, offering an employee an easy way to fake expenses.

* Forged checks – if an employee consistently works around a high-level executive, it becomes easy for the employee to forge signatures.

*Employee lives beyond his or her means – if an employee is living a lavish lifestyle on a modest salary, he or she could be defrauding the business.

Dejean, Reggie. “How To Identify and Protect Against Occupational Fraud.” Lawley Insurance, 19 Nov. 2015,

Join The Ride

Subscribe to our fortnightly newsletter with stories from our latest adventures and the best travel tips

You might be interested

QuickBooks Online vs. QuickBooks Desktop

With Intuit’s QuickBooks Online taking up more and more of the bookkeeping software spotlight every day, it’s time to settle the debate. Is the Online

1099 vs W2

1099 vs W2 1099 employees are considered independent contractors who are self-employed. A W2 employee is an employee who receives a regular wage along with

Scroll to Top