Fraud and embezzlement are the subject of the newest GBA Best Practices monograph, developed by GBA’s Business Practices Committee. It’s a particularly important topic for GBA-Member Firms, because smaller organizations are victimized far more often than larger ones, mostly because smaller organizations make less of an investment to prevent and detect fraud and embezzlement. The new publication relates information about who culprits often are (female employees involved with company finances), common character traits of embezzlers, and case histories involving geoprofessional firms. Of key importance, the Committee prepared more than 40 specific how-tos you can apply to help prevent and detect fraud and embezzlement. Given that the average loss among firms surveyed by the Association of Certified Fraud Examiners (ACFE) amounted to $325,000, taking action sooner rather than later is a necessity. GBA Best Practices monographs are available only to members of GBA, and – as always – without cost.

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