Summary of Policies & Procedures to Prevent Fraud and Embezzlement

Guidance, Internal Controls, and Investigation

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Policies & Procedures to Prevent Fraud and Embezzlement book summary
Embezzlers often have familiar faces. They can be co-workers. They know your system. So how do you prevent them from attacking?


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This basic, informative book exactly addresses its title topic. Edward McMillan delivers straightforward advice for companies of all sizes. He also offers individuals advice on avoiding identity theft. McMillan covers everything from case histories to the details of hiring agreements, and how to fire an employee who commits fraud. Each chapter contains recommendations, sample documents, key points and checklists. The book also provides 119 pages of useful sample documents relating to internal controls to help you prevent this widespread, costly crime. getAbstract recommends McMillan’s practical guide to anyone concerned about corporate – and personal – security.

In this summary, you will learn

  • Who commits most frauds
  • How to develop better internal fraud detection and prevention techniques
  • How to prevent identity theft


The Ugly Reality
Fraud can happen in any business. And when it does, the criminal usually is someone you’d never suspect. Embezzlers can be any age, rank or race, and either gender. They carry out their crimes for any number of reasons, although their fellow workers generally don’t know...
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About the Author

Edward J. McMillan, CPA, CAE, is an experienced fraud examiner. He teaches fraud-prevention courses to professional organizations and regularly speaks on this topic.

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