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9 Red Flags of Fraud in Small Business

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1.) ?Employee lifestyle and behavioural changes, living beyond their means.
2.) Weak internal controls/ lack of segregation of duties (i.e. one employee handles all the bank statements, cash transactions and deposits). Ensure double manned deposits and over sight on cash controls.
3.) Management overriding company policies or controls without proper authorization
4.) Inconsistent financial results to market trends
5.) Lack of credible documentation or information (i.e. lack of original receipts for expense reports)
6.) Excessive number of account write offs or unexplained adjustments
7.) Accounts not reconciled on a timely and consistent basis.
8.) Unexpected change of vendor or a vendor without a physical address
9.) High employee turnover

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Hazel McCallion 1921-2023

There will never be another Hazel McCallion. Her passion and dedication to the people of Mississauga from 1978-2014 will never be forgotten. She was a public servant in the truest sense and will be greatly missed by her community and the many people whose lives are better for her efforts.

Haywood Hunt would like to send our deepest condolences to the McCallion family and friends. A life well lived. May she rest in peace.

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7 Tips on How to Know if Someone is Lying

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