Tysiac, Ken
Small businesses, big risk
The article discusses the results of a survey conducted by the Association of Certified Fraud Examiners (ACFE) that reported that small businesses often lack fraud detection and prevention controls. Topics include fraud prevention training, the susceptibility of financial businesses, smartphones, and computers to fraudulent activity, and codes of conduct. Mandatory vacation policies, job rotation, and vigilance are recommended as fraud prevention practices. A chart comparing antifraud controls at business with less than and more than 100 employees is included. INSET: Financial Sector, Revenue Recognition Require Vigilance.
Small businesses, big risk
The article discusses the results of a survey conducted by the Association of Certified Fraud Examiners (ACFE) that reported that small businesses often lack fraud detection and prevention controls. Topics include fraud prevention training, the susceptibility of financial businesses, smartphones, and computers to fraudulent activity, and codes of conduct. Mandatory vacation policies, job rotation, and vigilance are recommended as fraud prevention practices. A chart comparing antifraud controls at business with less than and more than 100 employees is included. INSET: Financial Sector, Revenue Recognition Require Vigilance.