Is it true that maintaining a management balance sheet helps combat workplace theft?

[subornaakter40]

Control of the management balance sheet does prevent cases of fraud and theft of money. The American organization ACFE provides the following data:

Companies lose up to 5% of their revenue per year due to fraudulent actions by their employees;

the average period of fraud, from inception to detection, lasts about 18 months;

the higher the position the employee paraguay mobile phone numbers database occupies, the greater the loss;

the longer the employee's tenure, the higher the loss;

financiers, production workers, sales people, purchasers and management account for 77% of fraudsters;

84% of fraudsters had a clean record;

49% of affected organizations did not receive any compensation for losses.

Who usually does management accounting?
For small and medium-sized businesses, it is typical for the owner to maintain management accounting. In large companies, this function is the prerogative of the financial director and his service.

Experts do not recommend outsourcing management accounting to the accounting department, since its tasks include calculating the tax base, competent reporting to regulatory authorities, etc.