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Has employee fraud been a problem at your workplace?

Categories: Business

Workplace fraud cost Canada's small and medium-sized businesses $3.2 billion in 2010, according to a report by the Certified General Accountants Association of Canada (CGA).

 The CGA report said misappropriation of inventory was the most common type of employee fraud. (iStock)The report, published Tuesday, also said one in four of those types of businesses has been cheated by an employee.

"The financial loss is one thing, but it's staff morale and management confidence that really take a hit," CGA vice-president of research Rock Lefebvre said.

The most common examples of employee fraud mentioned in the survey were misappropriation of company assets, inventory or straight cash.

Have you ever worked at a company where employee fraud was a problem? Was office morale affected? Let us know in the comments below.

(This survey is not scientific. Results are based on readers' responses.)

Tags: money

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