Frauds can have a very detrimental effect on your business no matter what size or industry. The two most commonly occurring frauds are misuse of assets by employees and financial frauds by management. Businesses need to assure that they are taking the right steps to remain aware of what is going around them and if their employers are loyal and sincere with them. In most of the cases, the first type of fraud often happens without management knowledge and it can devastate a business badly causing financial loss and decline in confidence. When someone misuses company assets, it is fairly easy to calculate this amount but sometimes it becomes very tough for entrepreneurs to find out unless they are keeping a close eye on the funds or encounter severe loss to the company. Corporate frauds also affect businesses by decreasing public trust in the organization. Even though the business might overcome the scandal and disgrace caused by the fraud but its public image might be tainted forever and the common man might not be able to trust it again. In addition to this, a company may have to pay a higher price for credit, face refusal for membership in trade associations or might not be accepted for strategic alliance by other businesses. It is important for businesses to realize how corporate frauds can hurt their venture as well as business image and they must seek help from Corporate detectives Los Angeles to uncover all types of criminal activities within the premises for appropriate action.