Preventing Small Business Fraud

Most small business go bankrupt, not because business wasn't good; but because the small business owner took care of business out front but forgot to take care of business in the back (books and records).  The Association of Certified Fraud Examiners in their 2014 Report to the Nations on Occupational Fraud and Abuse states that a disproportionate share of all frauds, 28.8%, occur in business with less than 100 employees.  Wheres only 19.8% of frauds occur in organizations with more than 10,000 employees.  The reason that so much fraud occurs in small businesses as well how it can be prevented and detected will be discussed during this presentation. 


*Understand the reasons why a disproportionate amount of frauds occur in small businesses
*Identify the opportunities to commit fraud in a small business
*Design and implement simple but effective internal controls to both prevent and detect fraud
*Assess the probability of fraud in an organization
*Educate employees on the consequences of fraud


*The number one internal control weakness in small businesses
*Alternative internal controls
*The importance of management and a positive control environment
*Internal controls over the asset most likely to be misappropriated
*Educating employees as to their responsibility in preventing fraud
*The often unintended consequence of fraud in a small business
*How to prevent and detect fraud in a small business

Additional Information

Designed For

External and internal auditors and the small business owner



Advanced Preparation



One year experience

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