How Fraud Can Affect Smaller Organizations
Many small to medium sized companies do not properly address fraud-related risk because these organizations do not have the resources needed to mitigate this risk or because owners or those in top level management underestimate the scope of the issue.
All organizations, regardless of size, must be aware of the risks associated with intentional fraudulent acts and know that a significant and effective fraud scheme could even present going concern issues for some entities. In this session, we delve into the reasons that fraud take place. The material discusses the types of defalcations that are often executed against smaller entities and then explores measures that organizations can implement to help stop fraud activities and add security.
- The reasons for fraud
- Fraudulent acts that are initiated against smaller organizations
- Methods to stop fraud attempts against small businesses
- List reasons that employees and others that are internal to an organization choose to undertake fraudulent acts
- Explain the factors that make smaller organizations attractive to those considering fraud
- Understand specific internal control measures that can help to reduce fraud activities executed against smaller and medium sized companies
CPAs, accounting and business professionals.
Applicable if you are a HSCPA member in good standing.
Applicable if you are not a HSCPA member.