NACVA QuickRead published an article by Advisory Services Director Nitasha Giardina, about fraud issues in the hospitality industry post-COVID-19 pandemic.
By Nitasha Giardina, Director, Advisory Services
There is especially an increased opportunity of fraud in industries with large transaction volumes and cash-paying customers, such as hospitality. As the hospitality industry gears up to serve the pent-up demand for travel and entertainment around the world, increased revenues should be supported by strengthened internal controls, proper processes, and vigilance. This will help ensure increased revenues translate into increased net margins.
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