Common Frauds in Small Businesses
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
Almost all small businesses will be a victim of fraud at some time during their existence. Its not a matter of if fraud will happen, but when fraud will occur. 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 an 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: November 2025
Designed For
This course would be appropriate for small business owners, employees in small businesses, CPAs, CFEs, auditors, bookkeepers, loan officers, and others working with small businesses.
Topics Covered
- Fraud Theories
- Fraud Statistics
- Small Business Frauds
- Accounts Payable Fraud Risks
- Phishing Fraud Risks
- Criminals Are Using AI
Learning Objectives
- Identify how fraud affects small businesses
- Identify the methodologies for detecting fraud in small businesses
- Identify internal controls to help prevent and detect fraud
- Identify various occupational fraud schemes
- Identify red flags for fraud
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
