The Risks and Protections Against Fraud

4/17/18:  An article by Josh Levy in Construction Executive aims attention at a core business risk: fraud.  Levy notes that the construction industry ranks high in its vulnerability to fraud but cautions, “Contractors who have employees and work with vendors are vulnerable to misappropriation of money and assets.”  It’s a costly vulnerability but Levy offers a rapid-fire overview of asset misappropriation, points of greatest vulnerability, and how to prevent and detect it.  Given that fraud is a legal, financial and compliance risk, the article serves as a reminder of fraud’s potential impact on business operations.