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How to Prevent Fraud in Your Business

Learn how to avoid fraud with this new whitepaper from Cougar Mountain Software.

What comes to mind when you hear the term “fraud?” Enron? Bernie Madoff? It’s likely to be complicated schemes swindling millions from Fortune 500 companies and not a smaller organization like yours, built on strong relationships and honest practices.

Did you know?

  • 30% of fraud cases in 2016 occurred in businesses with fewer than 100 employees, and median loss of $150,000.
  • Smaller organizations are less likely to have sound internal oversight processes, making it easier for fraud to occur.
  • There are five common types of fraud.
  • Many churches operate on trust alone, and are the frequent victim of fraud.
  • A simple audit can reduce losses and fraud duration by 50%.
  • Most fraud occurs by the most trusted individuals within the organization.

With This Whitepaper You Will Learn:

  • Learn the 5 common types of fraud, and what you can do about it.
  • Learn the 3 required elements for a strong internal controls process.
  • Learn what you should to do if you suspect fraud within your organization.
  • Learn how to perform a simple audit on your payroll process to help avoid payroll fraud.
  • Learn the importance of having a secure audit trail within your organization.