How Fraud Can Affect Smaller Organizations 2024

Overview

Small to medium-sized companies often fail to address fraud-related risks adequately. Often, organizations lack the resources needed to mitigate this risk. In other cases, owners or senior management underestimate the scope of the issue. Regardless of size, all organizations must be aware of the risks associated with intentional fraud. We’ll explore why fraud occurs, examining defalcations often used against smaller entities. Then, review measures that organizations can implement to increase security and stop fraud.

Highlights

• The reasons for fraud
• Fraudulent acts that are initiated against smaller organizations
• Methods to stop fraud attempts against small businesses

Prerequisites

None

Designed For

CPAs, accounting, and business professionals.

Objectives

• Identify reasons that employees and others who are internal to an organization choose to undertake fraudulent acts
• Recall the factors that make smaller organizations attractive to those considering fraud
• Identify specific internal control measures that can help to reduce fraud activities executed against smaller and medium-sized companies

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.