One of the considerations that the HR person should have is the individual’s skills and performance. This would address the person’s actual job tasks. The person’s abilities would also be a consideration. The abilities vary from physical, mental and stamina abilities that are required to perform the job effectively. The person’s integrity is also a consideration. The HR ought to be interested in the applicant’s attitudes, honesty, dependability, reliability and trustworthiness especially because they will have high-level access to the company. The HR should focus on the applicant’s likelihood to engage in inappropriate and dishonest workplace behavior. Checking of the applicant’s credit score can be both fair and unfair depending on the nature of the position they seek to fill. For example, it is fair for financial institutions such as banks as well as accounting and money management positions where there is fraud potential.
In an accounting environment segregating duties is a control that can avoid possible embezzlement. Segregation of duties would prevent one individual from having full control of an entire process. For example, one person should not record, implement and approve a task. Thorough Record keeping is also an effective way of avoiding potential embezzlement. Records should be kept up-to-date, accurate and complete. Auditing should be performed as scheduled. The internal and external auditing should not be delayed and should be conducted under controlled conditions (Kennedy, 2012). Appropriate policies should also be put in place to prevent fraud. Policies should be clear and approved by the board example, mandatory vacation policies. Adequate supervision can also be used as a control for preventing potential embezzlement. Supervisors should ensure that set policies and procedures are followed at all times when performing various tasks.
Reference
Kennedy, K. (2012) An Analysis of Fraud: Causes, Prevention, and Notable Cases. Honors Theses. Retrieved from http://scholars.unh.edu/cgi/viewcontent.cgi?article=1099&context=honors
