Anti-fraud controls plays a important role in an organization to fight against fraud. This helps with preventing
Question:
Anti-fraud controls plays a important role in an organization to fight against fraud. This helps with preventing and detection of any fraud that happens. Another thing I learned was that small business face more different types of fraud risks than compared to larger organizations. Which for small businesses implement anti-fraud controls at a much lower rate their larger business even if the issue is with resource limitations, lack of awareness with your employees or business, have too much trust with your employees small business are a low rate. Most common anti-fraud control are external audits on financial statements which was only place at 56% of small business. Discuss?
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn