The CEO of International Private Investigation Services, LLC (IPIS) would like to convey 15 due diligence tips to avoid potential business vendor fraud:
1. Make sure the company has a good separation of duty policies for each department. 2. In the procurement department make sure a good approval process is in place and adhered to. 3. Conduct surprise audits of the procedures. 4. When purchasing, make sure to buy the merchandise or supplies from a known vendor in …