Organizations can work to break down the fraud triangle

Having discussed the fraud triangle, you may wonder if there is anything you can do in your organization to stop the three sides of the fraud triangle from coming together and igniting into a disaster.  Well, you can not absolutely prevent fraud.  However, you can work to minimize the risk on each side of the triangle and as a result greatly reduce the danger of fraud.  Some of the things you can do as an organization are discussed here, here, and here.

Identify the risks in using Social Media and manage them

It is obvious to me that most ministries and businesses should be in social media because of the tremendous potential to further your mission or revenue stream, so the issue is pretty much resolved on whether to move forward or not.  The next issue is to identify the risks in moving forward because there are risks.  The action steps are then to manage those risks. (more…)