© Phoenix Beach, LLC
Training for Business Professionals
Who Should Attend?
Accounting and other business professionals with a need to understand small business fraud.
Area of Study:
How Fraud Can Affect Smaller Organizations
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Many small to medium sized companies do not properly address the risk that arises which is related to fraud 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
Once participants have completed this session they should be able to:
- 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
This session is taught via the use of case studies adapted from real world examples. These studies are designed to show participants some of the negative effects of the rampant fraud taking place in the business world today. These examples also highlight some of the methods available to help mitigate both internal and external fraud risk. The topics discussed in this session include:
- The reasons for fraud
- Fraudulent acts that are initiated against smaller organizations
- Methods to stop fraud attempts against small businesses