Protecting Yourself from Employee Theft: Part III
Preventing Employee Theft
THE NEXT DDS
Learning Objectives:
This is Part III of our three part podcast series about embezzlement, fraud, and employee theft. After hearing this final installment of the series, the listener should:
- Be better equipped to spot and stop employee theft
- Know the motives behind employee theft and be able to remove the opportunity for it to occur
This
is the third and final installment of our three part podcast series about
employee theft. We encourage you to listen to
Protecting Yourself from Employee Theft: Part I and
Protecting Yourself from Employee Theft: Part II before finishing
with this podcast. Whether
theft takes the form of fraud, embezzlement, or outright theft, theft by an
employee shares three steps. For theft
to occur, all three components of the theft triangle must be intact. The first is “Motive”. The employee needs a reason to steal. The reasons are as varied as there are
individuals. Next,
they need the “Opportunity”. In a dental
office, they need unimpeded access to the funds they are attempting to steal
with minimal or no restraints, checks or accountability. Finally, they need to be able to “Rationalize”
their behavior. They need to justify in
their mind that what they are doing is acceptable. Essentially they need to quiet their conscience.
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