Bookkeeping fraud (also referred to as accounting fraud) refers to types of fraud committed by officers, accountants, and other employees that manipulate company finances and records to achieve some kind of personal gain.

Control Access One of the best ways to prevent embezzlement is to limit a bookkeeper's access to signature stamps, blank checks and cash. Requiring a counter signature on all checks is another precautionary means to prevent fraudulent behavior.

Bookkeeping is the process of tracking and recording a business's financial transactions. These business activities are recorded based on the company's accounting principles and supporting documentation. Examples of these documents include: Bills.