Embezzlement is not always a form of theft or an act of stealing per se, since those definitions specifically deal with taking something that d…

Embezzlement sometimes involves falsification of records in order to conceal the activity. Embezzlers commonly secrete relatively small amounts repeatedly, in a systematic or methodical manner, over a long period of time, although some embe…

Internal controls such as separation of duties are common defences against embezzlement. For example, at a movie theatre (cinema), the task of accepting money and admitting customers into the theatre is typically broken up into two job…

In 2020, 37% of employee fraud happened because of a lack of internal controls or lack of independent checks and audits, 18% by overriding internal controls, 18% from lack of management review, 10% from a poor tone set by top managers, and 17…