Employee dishonesty has long been defined as the intentional misappropriation of cash or merchandise from a company by an employee. Recent trends, however, point to a dynamic shift in these acts and a more complex definition, mainly to include increasingly sophisticated fraudulent schemes spanning several years and often involving financial professionals and the use of computer technology.
As a result of limited regulation and compliance oversight, closely held companies are often viewed as the most vulnerable or susceptible to the inappropriate actions of insiders. However, larger public companies, government entities and nonprofit organizations are not immune. In fact, they frequently and, due to occasional media coverage, visibly struggle with issues stemming from dishonest acts of trusted employees.
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