SMALL BUSINESS FRAUD PREVENTION AND VITALICS INTERNAL CONTROL FORMS
Vitalics is a internal control system of forms for bookkeeping and accounting.
- Actual Case Studies
- Common Fraud Schemes
- Warning Signs
- Detection Methods
- Preventing Fraud Schemes
- Using Ratio Analysis
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Vitalics Internal Control Forms Bundle and The Small Business Fraud Prevention Toolkit
Includes 2 Hours Video on Fraud Prevention
Vitalics Control Forms Bundle
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Electronic Download $298.00
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 140 already created yet customizable internal control forms, checklists and templates in a desktop application. 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.
OCCUPATIONAL FRAUD STATISTICS AND FRAUD SCHEME TYPES ACFE 2020 REPORT TO THE NATIONS
Smaller organizations continue to rank highest in occupational fraud frequency compared to larger businesses. The average loss was $150,000 per fraud occurrence.
Corruption is the most common method of fraud in small businesses with fewer than 100 employees while a billing scheme is a close second.
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.