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Work matters: Management Focus - Dealing with dishonesty

Management
It's not just tax credits - learn how to keep your nursery from being the victim of fraud with advice from lawyer Karl Deakin.

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:

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