CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Prevention and Detection of Fraud In Small Businesses

Dennis Dycus, CFEs, CGFM, CPA, BS

Dennis Dycus

Wednesday, March 25, 2020 | 01:30 PM EDT

  • CPA

2 Credits


Subject Area


Course Description

Many organizations have gone through extensive efforts to comply with regulations to ensure accuracy in their financial statements. But financial statement controls cover only a small area of risk and often ignore the far greater risks resulting from weak operational and other financial controls. According to the Association of Certified Fraud Examiner’s 2018 Report to the Nations on Occupational Fraud and Abuse, approximately 28% of all frauds are committed in small businesses with less than 100 employees with an average loss of $200,000. 

Most small businesses cannot survive such a loss and as a result, go bankrupt. To often the small business owner is more interested in taking care of business out front and forgets what’s going on in the back. In this presentation you will learn :

  • Various reasons for fraud occurance in small businesses
  • Some very simple internal controls designed to prevent fraud
  • How to spot fraud when it occurring 
  • How to stop fraud dead in its tracks.

Learning Objectives

  • To learn how to recognize some of the indicators of fraud
  • To develop simple internal controls to prevent fraud
  • To identify the red flags that fraud perpetrators often exhibit
  • To get an overview about the definition of fraud triangle
  • To learn how to apply the perception of detection

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Practice Owners
  • Accounts Director
  • Auditors
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA