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CPA Voice: The fight against fraud

Written on Aug 11, 2022

Occupational fraud can happen anywhere, even at small businesses.

“Unfortunately, small business and organizations are particularly vulnerable to occupational fraud because they lack the resources to properly implement internal controls and segregate accounting duties among their limited number of employees,” writes Janice Jasinski, CPA, in the July/August issue of CPA Voice.

She says that many organizations adopt a “it can’t happen here,” mindset, which can prove detrimental to the business. Jasinski shared data from the Association of Certified Fraud Examiners biannual study on fraud.

“Fraud detection methods play a big part in the length and dollar amount of the fraud,” she writes. “A company that utilizes proactive detection methods tends to detect fraudulent activity more quickly and have lower losses than companies that become aware of the fraud through no effort of their own, including notification by the police or by accident.

Read the entire article available now in the July/August issue of CPA Voice.   

Don’t miss this convenient, self-study CPE – Now free!      

Did you know that reading CPA Voice can help you satisfy your CPE requirement? No matter your location or the time of day – and even when your internet is on the fritz – you can gain CPE credit with each issue.    

Every edition includes a 12-question self-assessment exam covering content from that issue. Receive a grade of 75% or higher and you’ll earn one hour of CPE credit in specialized knowledge.       

Best of all, you can take the exam when and where it’s convenient for you. Exams are available online – and may be completed for CPE – through the same month of the following year.     

 July/August exam