While there may be many companies that strive to protect the longevity of their endeavors by creating healthy business practices, it might not always be possible to prepare for every challenge that arises. The presence of fraudulent activity is an issue that could wreak havoc on the well-being of a business and identifying such issues may prove essential to mitigating risks. Business owners in Georgia who wish to protect the future of their endeavors may have questions about how to spot potential warning signs of fraudulent behavior.

Experts indicate that there may be various steps companies can take to identify the possible presence of fraudulent behavior and address the situation. Some places to look for potential warning signs of fraud may include:

  • Business inventory: Being thorough when checking inventory may be vital, as unexplained and undocumented changes in business inventory could be red flags of fraudulent activity.
  • Financial records: Discrepancies in company financial records can also be warning signs of unlawful behavior, and this may include anything from duplicate transactions to reports of missing documents.
  • Company invoices: Addressing sudden and drastic changes to invoice volumes could also prove essential to identifying anomalies and ensuring that company records remain accurate. 

Studies also suggest that there may be certain signs and changes to look for in employees who engage in fraudulent behavior and knowing how best to approach such a topic may prove imperative.

Fraudulent activity can take a devastating toll on a business and dealing with similar issues can prove a stressful and daunting process. Business owners in Georgia who have concerns about the presence of unlawful behavior could benefit from speaking with an attorney as soon as possible for advice on the best course of action with which to proceed. An attorney can provide a client with insight on ways to detect fraudulent activity and help create a strategy with which to address the situation and protect the well-being of the company.