Common Frauds in Small Businesses

CPE Credit: 2 hours

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. 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.

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 in small businesses
• Types of fraud
• How fraud is committed
• Legal implications of fraud
• Internal controls

Learning Objectives:

•  Recognize how fraud affects small businesses
• Review the methodologies for detecting fraud in small businesses
• Be able to design internal controls to help prevent and detect fraud