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Taymes, LLC

How Fraud Can Affect Smaller Organizations

Course Description:

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.


Learning Objectives:

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 sized companies


Course Highlights:

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

  

Who Should Attend?

Accounting and other business professionals with a need to understand small business fraud


Area of Study:

Accounting


Level:

Basic


Credit:

4 hours


Prerequisites:

None 


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