1.Explain the fraud triangle.
2.Explain Albrecht’s concept of the fraud scale
3.Dr. Stephen Albrecht studied red flags and defined them into two categories. Describe these categories.
4.Article: When the Boss Trumps Internal Control
What four steps might have made a difference when the boss trumps internal control?
5.Article: Protect Small Business
what are the three major factors that contribute to small business fraud?
- Article: Solving Employee Theft Cases.
What are the first two steps used by the fraud auditor to get employees to confide which of their co-workers they think committed the fraud being investigated?
- Article: Small Business, Big Losses
What is the most common means of fraud detection?
- Article: Deceptive Office Manager.
What should every business owner learn from the experience described in this article?
- Article: Small Business at Risk.
Explain what is meant by step five mitigating the damages.
- Define Internal Control