Fraud prevention basics
While no business is immune to fraud, small businesses can be more vulnerable because they may lack the personnel or resources to put sophisticated technology in place or separate duties appropriately. However, the most important ways to help prevent fraud don’t require major expenditures: an understanding of the basic principles and role of proper internal controls and a strong ethical culture.
What you'll learn
- Understand why small business are often more susceptible to fraud
- Learn the key principles of internal controls
- Identify necessary controls when you only have a few employees
Who should watch
- Owners, senior leadership of organizations – better suited for small business owners
- CFOs, controllers, accounting staff
- Internal and external auditors
- CPAs