Did you know that occupational fraud costs businesses 5% of their annual revenue? How should your client respond to suspicions of fraud? This presentation will discuss ten ways to assist your clients in detecting and deterring fraud.
Course ID: NBDD1
Nuts & Bolts: Detecting & Deterring Fraud in Small Business
- Provide an understanding of the cost of fraud and how to assist your clients in detecting fraud in their firm.
- How to conduct background checks
- Vendor audit clause
- Ethics policy
- Red flags of occupational fraud
- Financial statement fraud and why audits don’t detect it