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23WA-2456: Prevention & Detection of Fraud In Small Businesses (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Tuesday, June 27, 2023
11:00am - 3:00pm Central Time
4 CPE (4 technical)

As reported in the Association of Certified Fraud Examiners Occupational Fraud 2022: A Report to the Nations, on average, small businesses lose 5% of their revenue due to fraud. Can the average small business owner afford to lose 5% of their revenue due to fraud? I think not. This presentation is designed to illustrate the numerous ways employees commit fraud in small businesses, how to detect it, and most importantly, how to prevent it. Both auditors and small business owners would both benefit from this presentation.

Major subjects

  • The importance of the control environment
  • The three most common behavioral red flags exhibited by perpetrators
  • Why it is much more cost effective to prevent fraud than it is to detect fraud
  • The reason why the small business owner/auditor should think about how they would steal
  • Who steals and why
  • Common myths about stealing that are not true
  • Understanding the concept of risk management

Learning objective(s)

  • Identify the opportunities to commit fraud in a small business environment
  • Understanding how to address just four weaknesses could reduce the opportunity to commit fraud by an average of 75%
  • Observe behavioral red flags often exhibited by fraud perpetrators
  • Analyze the control environment
  • Recognize the number one internal control weakness that is often present in small businesses
  • Design effective internal controls to reduce material fraud in small businesses

Who should take this program?

External and internal auditor, fraud examiners

Fees

Our records indicate you are a nonmember. If you register, you will be charged $129.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $129.00
checkmark Standard Nonmember Fee $129.00

More program information

Instructor Dennis Dycus, CPA, CFE, CGFM
Location Online
Area
of study
Accounting & audit
Field(s)
of study
Auditing - Technical (4.0)
Level Intermediate
Format Group Internet Based
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Prerequisites Prereq. None
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.