Common Frauds in Small Businesses
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs
2 hours Risk Management and Insurance Planning for CFP |
This course is designed for individuals who would like to obtain a basic understanding of how fraud affects small businesses. We will discuss various types of frauds and how the criminals commit the frauds. We will review some of the legal and ethical implications involved. Examples of real world cases will be provided to help develop and understanding of the risks involved. Participants will be introduced to the fraud triangle and occupational fraud with an emphasis on fraud in small businesses. We will review internal controls that can help to prevent and detect fraud in small businesses.
Publication Date: June 2020
Designed For
Small business owners, employees in small businesses, CPAs, CFEs, auditors, bookkeepers, loan officers, and others working with small businesses.
Topics Covered
- Basic understanding of how fraud affects small businesses
- Discuss various types of frauds and how the criminals commit the frauds
- Review some of the legal and ethical implications involved
- Examples of real world cases
- Introduction to the fraud triangle
- Occupational fraud with an emphasis on fraud in small businesses
- Review internal controls that can help to prevent and detect fraud in small businesses
Learning Objectives
- Recognize how fraud affects small businesses
- Identify various occupational and non-occupational fraud schemes
- Describe various types of fraud and how the criminals commit the frauds
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)
Program Prerequisites
None
Advance Preparation
None
