Safeguard against employee theft

Staff and elected officials have a responsibility to protect assets because they are publicly-funded.

VMLIP has developed two bulletins to assist members with preventing fraud and embezzlement. They can both be found by searching “finance” in the VMLIP Find A Resource tool here.

  • Safeguarding Against Employee Theft: Learn how to safeguard assets through awareness of the “Fraud Triangle” – that place where opportunity, financial pressure and rationalization intersect. Find here.
  • Financial Controls Questionnaire for Loss Control Audit Purposes: This document provides a checklist of questions regarding financial controls to be used for loss control audits. Questions include: Does your entity receive an annual, independent financial audit? Are background checks performed on all new hires? Find here.