Small to medium-sized companies often fail to properly address fraud-related risk. Often, these organizations lack the resources needed to mitigate this risk. In other cases, owners or senior management underestimate the scope of the issue. All organizations, regardless of size, must be aware of the risks associated with intentional fraudulent acts. Further, that a significant and effective fraud scheme could present going concern issues. We'll explore the reasons that fraud takes place, examining defalcations that are often executed against smaller entities. Then review measures that organizations can implement to increase security and stop fraud.
CPAs, accounting, and business professionals.