logo

Forensic Accounting
Brand Protection
Computer Forensics
Corporate Investigation

spacer
Search

Company News



News Archive

2008 Articles
2007 Articles
2006 Articles
2005 Articles
2004 Articles
2003 Articles
2002 Articles
2001 Articles
2000 Articles
1999 Articles
Past Articles

Read the Kessler Notebook

Financial Executives Institute

   Financial Executive

March 1, 2000

STICKY FINGERS 

    Employees not only steal, they out-steal shoplifters. So say studies from Michael G. Kessler & Associates, an international investigative and forensic accounting firm. 

 The collective price tag, which includes falsifying expense reports and time sheets, pilfering office supplies and taking inventory, is over $120 billion annually. Motivation includes greed (49 percent), vindictiveness (43 percent) and need (8 percent). 

    Furthermore, 92 percent of employees say they'd lie on a job application that asked whether they stole from a previous employer. Sixty-eight percent say they'd never disclose that they were discharged from a previous job due to theft. And 66 percent say they'd steal if they saw others doing so without consequence -- so provide a strict written theft policy and follow through on it.