How to Report Embezzlement
Embezzlement can handle if we have good system for the monitoring financial section. Most companies financial system are primary level & analyzing process not doing properly.
-Handling the Situation Internally
-Notify insurance companies, if necessary.
-Gather as much information as you can.
-Inform board of your suspicions.
-Conduct a thorough audit.
-Limit the suspected employee's access to funds, if appropriate.
-Interview the suspected employee.
-Disclose the diversion of assets to the IRS.
-Call the local police or sheriff's department.
-Notify the FBI, if appropriate.
-Cooperate with the criminal investigation.
-Participate in restitution discussions.
-Work out an agreement with the employee.
-Get payments through criminal restitution.
-Sue the employee in civil court if you don't get criminal restitution.
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