While fraud can damage any organization, it can devastate small businesses, which often lack the resources for proper anti-fraud controls. In these companies, fraud can often go undetected for long periods due to the personal nature of relationships and the high level of trust placed in employees. A knowledge of small business fraud characteristics, including awareness of where fraud is most likely to occur, can help management adopt best practices to protect their companies. How much do you know about small business fraud risks?
Test your knowledge in this fraud IQ quiz, which is based on the Association of Certified Fraud Examiners’ 2018 Report to the Nations (an analysis of 2,690 fraud investigations that took place between January 2016 and October 2017, as reported by ACFE members).