Understanding Occupational Fraud:

• Learn about the prevalence and costs of occupational fraud, often cited as the most common and costly financial crime affecting businesses worldwide.

• Discover the "Fraud Triangle" to understand why employees commit fraud, including the roles of pressure, opportunity, and rationalization.

Common Forms of Occupational Fraud:

• Delve into various types of occupational fraud such as asset misappropriation, corruption, financial statement fraud, payroll fraud, and cash payment schemes.

• Get real-world examples to illustrate how these frauds occur and their impacts on businesses.

Avoiding Common Forms of Fraud:

• Access a comprehensive list of preventive measures and best practices to protect your business from different types of occupational fraud.

• Learn about the importance of internal controls, employee training, and technological solutions.

Protecting Your Small Business:

• Utilize the CRIME Assessment framework to evaluate and strengthen your internal controls, covering aspects like Control Environment, Risk Assessment, Information and Communication, Monitoring, and Existing Control Activities.

• Use a behavioral red flags checklist to identify potential warning signs of fraud within your organization.

Conclusion and Actionable Steps:

• Summarize the key takeaways and practical steps to mitigate the risks of occupational fraud in your business.

• Find guidance on establishing a robust accounting and audit system to ensure accurate financial data and early detection of fraudulent activities.