Skip to main content

Take a holiday to fight fraud

Aug 12 2011 by Brian Amble
Print This Article

Here's an angle why taking a proper summer holiday is a good idea that had never occurred to us before. According to Ernst & Young, summer is the peak time for detecting fraud in organisations because alarm bells are often raised when company fraudsters are away on their summer holidays.

"We see a clear increase in fraud detection where companies enforce a compulsory two week break over summer," said Jonathan Middup, Partner at Ernst & Young's Fraud Investigation & Dispute Services practice

"Perpetrators are away and not able to cover their tracks easily. Frauds, such as accounts manipulation that are covered up in the course of the year are often spotted when colleagues take over and notice something is not quite right.

"The profile of a typical fraudster is a long serving, trusted employee, who works long hours and is reluctant to take their annual leave. Without doubt, one of the most simple and cost-effective anti-fraud measures is to ensure employees take at least two consecutive weeks holiday."

Related Categories

Latest book reviews

MORE BOOK REVIEWS

Hone - How Purposeful Leaders Defy Drift

Hone - How Purposeful Leaders Defy Drift

Geoff Tuff and Steven Goldbach

In a business landscape obsessed with transformation and disruption, Hone offers a refreshingly counterintuitive approach to today's organisational challenges.

Lead Like Julius Caesar

Lead Like Julius Caesar

Paul Vanderbroeck

What can Julius Caesar's imperfect story - his spectacular failures as well as his success - tell us about contemporary leadership challenges?

Work Happier: How to be Happy and Successful at Work

Work Happier: How to be Happy and Successful at Work

Mark Price

An expertly crafted guide that doesn't just theorise about workplace satisfaction but provides a clear roadmap to achieve it.