Small Business Fraud Prevention and Internal Control Workbook

VITALICS Small Business Fraud Prevention and Internal Control Workbook

Occupational fraud and abuse is destructive to smaller organizations. Small Business Fraud Prevention is key to protecting your organization from fraud before it occurs. Occupational fraud can cause such a catastrophic impact on a small business they either close, or reduce their size substantially. It takes years to recover, and most organizations will never see restitution and the money is long gone. Sadly, most suspects are not prosecuted. The first step in setting up a fraud prevention and internal control plan for your smaller organization is to learn about the risks.

GAIN AN UNDERSTANDING OF SMALL BUSINESS FRAUD AND INTERNAL CONTROLS

The Vitalics Small Business Fraud Prevention and Internal Control Workbook is available in three (3) purchasing options.

  • Individual purchase of the digital book
  • Included with Vitalics Internal Control System Bundle
  • Included with the Internal Control Report Templates Individual Category

If you purchase the product individually, it will be available through your email order link, or on the members account dashboard page.  If you purchase it through a package, it will be available for download on the forms dashboard.

Instant Download through the Members Dashboard

Table of Contents

  • Fraud Statistics
  • The Fraud Triangle
  • Workplace Conditions
  • Behavioral Warning Signs
  • Occupational Fraud
  • Billing Schemes
  • Check Tampering Schemes
  • Bribery and Corruption
  • Skimming
  • Expense Reimbursement Schemes
  • Cash on Hand Schemes
  • Cash Larceny Schemes
  • Non-Cash Schemes
  • Payroll Fraud Schemes
  • Fraudulent Financial Statements
  • Register Disbursements
  • Internal Control Procedures
  • Using Ratios to Prevent and Detect Fraud
  • The Difference Between Bad Bookkeeping and Fraud
  • Fraud Prevention Maintenance
  • Glossary
  • Index

Get the simple and affordable solution for SMALL BUSINESS FRAUD PREVENTION

Buy the Vitalics Small Business Fraud Prevention Workbook or the Bundle Below

Complete List of Forms

WHAT IS VITALICS

Vitalics is a small business internal control program that provides all the tools to easily set up and implement your company’s controls.  Vitalics contains over 145 already created yet customizable internal control forms, checklists and templates and a fraud prevention and internal control workbook.  Vitalics forms are also available separately.   Whether you are a business owner, office manager, bookkeeper or accountant, Vitalics will provide you the reassurance that your work or your company assets are protected.

Get the simple solution to create your internal control program today

Vitalics the best small business resources available!

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DID YOU KNOW ?

The average frequency of Anti-Fraud controls for small businesses with management review was 33.6% compared to larger companies of 73.8%? The primary internal control weakness in fraud cases was the complete lack of internal controls. According to the ACFE 2014’s report to the nation the small businesses lack of internal controls was more than 41% of cases. Further, at least one fifth of those cases could have been prevented if managers had completed a sufficient job in reviewing transactions, accounts and processes. The use of internal control forms and procedures will reduce fraud within a business organization.

OCCUPATIONAL FRAUD STATISTICS AND FRAUD SCHEME TYPES ACFE 2022 REPORT TO THE NATIONS

According to the ACFE’s 2022 RTN, U.S. Organizations will lose an average of 5% of their gross revenues to fraud. The association of Certified Fraud Examiners is the world’s largest anti-fraud organization and premier provider of training materials. The entire report can be downloaded at no charge at www.acfe.com.

SMALLER BUSINESSES RANK HIGHEST IN FRAUD FREQUENCY

Smaller organizations continue to rank highest in occupational fraud frequency compared to larger businesses. The average loss was $150,000 per fraud occurrence.

CORRUPTION FRAUD SCHEMES

Corruption is the most common method of fraud in small businesses with fewer than 100 employees while a billing scheme is a close second.

LACK OF INTERNAL CONTROLS

Primary internal control weaknesses showed that “lack of internal controls” were most prominently present in fraud case studies while lack of management review was the next common weakness.

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Internal Control Program Reports

  • Internal Control Reports

      Company organizational chart

      Internal control program detailed

      Internal control program basic

      Risk assessment form

      The Vitalics Fraud Prevention and Internal Control Workbook

     

    • Vitalics Internal Control Forms Bundle List

  • Internal Control Reports

    Company Organizational Chart

    Internal Control Program Detailed

    Internal Control Program Basic

    Risk Assessment Form

      The Vitalics Fraud Prevention and Internal Control Workbook

    Notes Memos and Corporate Forms

    Accounting Work in Progress Form

      Memorandum

    Minutes of the Meeting Log Sheet

    Minutes of the Meeting Template

    Accounts Payable Internal Control Forms List

      Accounts Payable Check Run Form

      Accounts Payable Checklist 12 Month

      Accounts Payable Checklist

      Accounts Payable Reconciliation Form

      Accounts Payable Month End Checklist

      Accounts Payable Month End Checklist 12 Month

      Approved Vendor List Form

    Authorized Signature Stamp Approval Form

      Automatic Payment Update Form

      Automatic Payment Form

      Automatic Payment List

      Change in Vendor Form

      Check Request Form

      Credit Card Reconciliation Checklist 12 Month

      Credit Card Reconciliation Checklist

      Current Vendor Review Checklist 12 Month

      Current Vendor Review Checklist

    Current Vendor Detail Listing

      Employee Credit Card Request Form

      Expense Reimbursement Checklist 12 Month

      Expense Reimbursement Checklist

      Expense Reimbursement Form

    Expense Reimbursement Listing

    Manual Check Listing

      Manual Check Payment Checklist

      Manual Check Payment Checklist 12 Month

      Missing Receipt Form

      New Vendor Checklist 12 Month

      New Vendor Checklist

    New Vendor Detailed Listing

      New Vendor Request Form

    Petty Cash Request Voucher

    Petty Cash Receipt

      Receipt of Vendor Refund

      Rejection of Vendor Invoice

    Royalty Payment Request Form

      Vendor Application

    Vendor Blacklist Form

      Vendor Over Payment Notice

      Wire Transfer Request Form

    Financial Reporting Internal Control Forms

    Authorization to Condense Computer Data Form

    Bank Reconciliation Checklist

    Bank Reconciliation Checklist 12 month

    Cash Flow Reconciliation Form

    Journal Entry Checklist 12 Month

    Journal Entry Form

    Month End Checklist

    Owner Checklist

    Profit and Loss Horizontal Analysis

    Password File

    Ratio Analysis Template

    Year End Checklist

    Sales Tax Bad Debt Summary Form

    Year end W9 1099 List

    Human Resources and Payroll Internal Control Forms

    Authorization for Background and Credit Check

    Change in Employee Payroll Information Form

    Conflict of Interest Policy

    Employee Advance Request Form

    Employee Compensation Form

    Employee Handbook

    Employee Roster Template

    Employee Time Sheet

    Employment Application

    Employment Contract Template

    Fraud Policy

    Human Resource Checklist

    Human Resource Checklist 12 Month

    Job Description Form

    Mileage log Reimbursement Form

    New Hire Form

    Payroll Checklist

    Payroll Checklist 12 Month

    Payroll Disbursement Form

    Payroll Reconciliation Form

    Payroll month End Reconciliation Form

    Probationary Period Agreement Template

    Termination of Employment Form

      Travel Per Diem Request

      Travel Per Diem Schedule

      Workers Comp Audit Journal

    Cash Banking and Assets Internal Control Forms

    Asset Reconciliation Form

    Disposition of Fixed Asset Form

    Fixed Asset Checklist

    Fixed Asset Checklist 12 Month

    Fixed Asset Listing Form

    Fixed Asset Payment Request Form

    Fixed Asset Purchase Form

    Fixed Asset Transfer of Location Form

    Lost or Stolen Asset Form

    Sale of Fixed Asset Form

    Bank Deposit Checklist

    Bank Reconciliation Approval Form

    Bank Reconciliation Template Form

    Uncleared Check List

    Uncleared Deposit List

    Cash Drawer Reconciliation Form

    Cash Sales Checklist

    Credit Card Reconciliation Approval Form

    Petty Cash Checklist 12 Month

    Petty Cash Journal

    Petty Cash Reconciliation Form

    Wire Transfer Request Form

    Accounts Receivable Internal Control Forms

      Accounts Receivable Internal Control Forms

    Accounts Receivable Checklist

    Accounts Receivable Checklist 12 month

    Accounts Receivable Deposit Form

    Accounts Receivable Reconciliation Form

    Accounts Receivable Credit Card Payment Deposit Form

    Bad Debt Request Form

    Change in Customer Information Form

    Credit Card Payment Authorization Form

    Current Customer Review Checklist 12 Month Form

    Current Customer Review Checklist

    Current Customer Detail Listing

    Customer Credit Review

    Customer Outside Collections Forms

    Customer Credit Application

    Customer Blacklist Form

    Customer Collection List Form

    Customer Lost Payment Form

    Daily Cash Receipts Form

    New Customer Checklist Form

    New Customer Checklist 12 Month

    New Customer Form

    New Customer Detail Listing

    Personal Guarantee Template

    Returned Customer Payment Form

    Sales Commission Request Form

    Sales Tax Bad Debt Summary

    Weekly Sales Form

    Purchasing and Inventory Internal Control Forms

    Disposition of Inventory Form

    Inventory Access by Personnel Form

    Inventory Checklist

    Inventory Reconciliation Form

    Inventory Transfer of Location Form

    Inventory Valuation Listing

    Lost or Stolen Inventory Form

    Physical Inventory Count Form

    Purchase Order Checklist

    Purchase Order Reconciliation Form

     

    • Vitalics Internal Control Forms Bundle List

  • Internal Control Reports

    Company Organizational Chart

    Internal Control Program Detailed

    Internal Control Program Basic

    Risk Assessment Form

      The Vitalics Fraud Prevention and Internal Control Workbook

    Notes Memos and Corporate Forms

    Accounting Work in Progress Form

      Memorandum

    Minutes of the Meeting Log Sheet

    Minutes of the Meeting Template

    Accounts Payable Internal Control Forms List

      Accounts Payable Check Run Form

      Accounts Payable Checklist 12 Month

      Accounts Payable Checklist

      Accounts Payable Reconciliation Form

      Accounts Payable Month End Checklist

      Accounts Payable Month End Checklist 12 Month

      Approved Vendor List Form

    Authorized Signature Stamp Approval Form

      Automatic Payment Update Form

      Automatic Payment Form

      Automatic Payment List

      Change in Vendor Form

      Check Request Form

      Credit Card Reconciliation Checklist 12 Month

      Credit Card Reconciliation Checklist

      Current Vendor Review Checklist 12 Month

      Current Vendor Review Checklist

    Current Vendor Detail Listing

      Employee Credit Card Request Form

      Expense Reimbursement Checklist 12 Month

      Expense Reimbursement Checklist

      Expense Reimbursement Form

    Expense Reimbursement Listing

    Manual Check Listing

      Manual Check Payment Checklist

      Manual Check Payment Checklist 12 Month

      Missing Receipt Form

      New Vendor Checklist 12 Month

      New Vendor Checklist

    New Vendor Detailed Listing

      New Vendor Request Form

    Petty Cash Request Voucher

    Petty Cash Receipt

      Receipt of Vendor Refund

      Rejection of Vendor Invoice

    Royalty Payment Request Form

      Vendor Application

    Vendor Blacklist Form

      Vendor Over Payment Notice

      Wire Transfer Request Form

    Financial Reporting Internal Control Forms

    Authorization to Condense Computer Data Form

    Bank Reconciliation Checklist

    Bank Reconciliation Checklist 12 month

    Cash Flow Reconciliation Form

    Journal Entry Checklist 12 Month

    Journal Entry Form

    Month End Checklist

    Owner Checklist

    Profit and Loss Horizontal Analysis

    Password File

    Ratio Analysis Template

    Year End Checklist

    Sales Tax Bad Debt Summary Form

    Year end W9 1099 List

    Human Resources and Payroll Internal Control Forms

    Authorization for Background and Credit Check

    Change in Employee Payroll Information Form

    Conflict of Interest Policy

    Employee Advance Request Form

    Employee Compensation Form

    Employee Handbook

    Employee Roster Template

    Employee Time Sheet

    Employment Application

    Employment Contract Template

    Fraud Policy

    Human Resource Checklist

    Human Resource Checklist 12 Month

    Job Description Form

    Mileage log Reimbursement Form

    New Hire Form

    Payroll Checklist

    Payroll Checklist 12 Month

    Payroll Disbursement Form

    Payroll Reconciliation Form

    Payroll month End Reconciliation Form

    Probationary Period Agreement Template

    Termination of Employment Form

      Travel Per Diem Request

      Travel Per Diem Schedule

      Workers Comp Audit Journal

    Cash Banking and Assets Internal Control Forms

    Asset Reconciliation Form

    Disposition of Fixed Asset Form

    Fixed Asset Checklist

    Fixed Asset Checklist 12 Month

    Fixed Asset Listing Form

    Fixed Asset Payment Request Form

    Fixed Asset Purchase Form

    Fixed Asset Transfer of Location Form

    Lost or Stolen Asset Form

    Sale of Fixed Asset Form

    Bank Deposit Checklist

    Bank Reconciliation Approval Form

    Bank Reconciliation Template Form

    Uncleared Check List

    Uncleared Deposit List

    Cash Drawer Reconciliation Form

    Cash Sales Checklist

    Credit Card Reconciliation Approval Form

    Petty Cash Checklist 12 Month

    Petty Cash Journal

    Petty Cash Reconciliation Form

    Wire Transfer Request Form

    Accounts Receivable Internal Control Forms

      Accounts Receivable Internal Control Forms

    Accounts Receivable Checklist

    Accounts Receivable Checklist 12 month

    Accounts Receivable Deposit Form

    Accounts Receivable Reconciliation Form

    Accounts Receivable Credit Card Payment Deposit Form

    Bad Debt Request Form

    Change in Customer Information Form

    Credit Card Payment Authorization Form

    Current Customer Review Checklist 12 Month Form

    Current Customer Review Checklist

    Current Customer Detail Listing

    Customer Credit Review

    Customer Outside Collections Forms

    Customer Credit Application

    Customer Blacklist Form

    Customer Collection List Form

    Customer Lost Payment Form

    Daily Cash Receipts Form

    New Customer Checklist Form

    New Customer Checklist 12 Month

    New Customer Form

    New Customer Detail Listing

    Personal Guarantee Template

    Returned Customer Payment Form

    Sales Commission Request Form

    Sales Tax Bad Debt Summary

    Weekly Sales Form

    Purchasing and Inventory Internal Control Forms

    Disposition of Inventory Form

    Inventory Access by Personnel Form

    Inventory Checklist

    Inventory Reconciliation Form

    Inventory Transfer of Location Form

    Inventory Valuation Listing

    Lost or Stolen Inventory Form

    Physical Inventory Count Form

    Purchase Order Checklist

    Purchase Order Reconciliation Form

     

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