Tips for Effective Employee Selection and Preventing Fraud in Organizations

Why is it important to verify references during the hiring process?

• To understand the candidate's personal interests

• To confirm the authenticity of the candidate's career history

• To evaluate the candidate's salary expectations

• To ensure the candidate's skills match the job requirements

What is a recommended practice when appointing a high-level executive?

• Using only online background checks

• Hiring based on a single interview

• Spending a day meeting with referees

• Relying solely on the candidate's resume

What is a potential risk when trusted individuals handle company finances?

• They might request frequent salary increases

• They could misuse funds for personal gain

• They may lose interest in their job

• They might forget to report expenses

Which practice can help prevent financial scams in the workplace?

• Relying on verbal approvals for fund transfers

• Issuing gift vouchers without oversight

• Conducting regular audits and double-checks

• Allowing unrestricted access to petty cash

What should be done before issuing financial vouchers?

• They should be stored without records

• They should be signed by the recipient only

• An audit should be conducted

• They should be distributed freely