There are a number of different types of fraud, from simple theft through to major corporate accounting scandals. Common types of fraud most relevant to nurseries are:
- misappropriating assets, for example, theft of cash, stock or other items
- failing to account for all income received from fee-payers
- making false expense claims
- receiving kickbacks or commission from a supplier
- having an undisclosed financial interest in a relationship with a supplier or other third party.
Warning signs of fraud
Look out for any warning signs that are potentially suggestive of fraudulent activities. While some of the examples below may not be warning signs in themselves, a number of them together could indicate a motivation by one or more individuals to commit fraud:
Register now to continue reading
Thank you for visiting Nursery World and making use of our archive of more than 35,000 expert features, subject guides, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's included
-
Free access to 4 subscriber-only articles per month
-
Unlimited access to news and opinion
-
Email newsletter providing activity ideas, best practice and breaking news
Already have an account? Sign in here