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Trust But Verify: Protecting Yourself From Fraud

Trust But Verify: Protecting Yourself From Fraud

Author avatarBruce Weinstein•Dec 6, 2022•2 min read
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Trust But Verify

Did the banks and hedge funds that dealt with the crook Bernard Madoff have an ethical obligation to look more deeply into Madoff's business? In this video (under 2 minutes), I explain why your duty is to trust but verify.

If you're a CPA, this duty is clear and unambiguous. It also applies, however, if you're an HR professional.

It's hard to imagine what field would be immune from having to do this.

This video was originally presented on Bloomberg Businessweek as an episode of my series, “Ask the Ethics Guy.” 

Enjoy!

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Thank you for reading my blog. I hope you're having a good day. Or at least not an awful one. 

Bruce Weinstein, The Ethics Guy®
Forbes Contributor  | Keynote demo  | Phone (424) 394-0804 | TheEthicsGuy.com|  | LinkedIn | Twitter​ 

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Tags:
FRAUD DETECTION
FRAUD PREVENTION
ETHICS
CPA ETHICS
ETHICAL INTELLIGENCE