Fraud may be affecting your bottom line. What can you do about it?
The nature and the threat of occupational fraud, which includes financial statement fraud, asset misappropriations and corruption, is truly universal regardless of size, geography or industry. However, small businesses have a significantly higher risk due to fewer controls and limited resources and the losses tend to have a greater impact on the organization than in larger organizations. According to the “2012 Report to the Nations” by the Association of Certified Fraud Examiners, a typical fraud usually lasted a median of 18 months before being detected, …read more
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