According to the world's largest anti-fraud organization, the Association of Certified Fraud Examiners (ACFE), small and mid-sized businesses are the most common victims of organizational fraud. And the effects can be more damaging.
Small businesses with fewer than 100 employees reported 28 percent of all instances of fraud – a higher rate than for medium and large businesses – and suffered greater losses in relation to their size.
The types of fraud that your clients need to be aware of fall into three categories:
Let OCBS help you setup develop processes and procedures to help prevent fraud.
Small businesses with fewer than 100 employees reported 28 percent of all instances of fraud – a higher rate than for medium and large businesses – and suffered greater losses in relation to their size.
The types of fraud that your clients need to be aware of fall into three categories:
- theft
- financial statement fraud
- asset misuse
- stealing cash
- claiming fake expenses
- taking property
Let OCBS help you setup develop processes and procedures to help prevent fraud.
