Fraud and the Family Business: It’s Not So Unusual
Fraud and the Family Business: It’s Not So Unusual The dynamics of a family-owned business are like no other, writes Robert Rothbort at Accounting Today.  There's usually a great atmosphere of trust. But that can leave family businesses uniquely vulnerable to fraud.  Here are some common schemes: • “Ghost” employees. The family member overseeing payroll creates “ghost” employees that do not exist and arran ...
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