Commentary: Fraud Prevention 101: Businesses Both Big and Small Vulnerable
St. Charles County Business Record › January 14, 2006
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Summary
The following article was originally published in Wisconsin Lawyer, a sister publication.
MILWAUKEE - Fraud is an industry unto itself, causing annual losses to U.S. companies totaling at least $660 billion. While it's easy to focus on the big losses incurred by the likes of Enron, Tyco and WorldCom, no company is immune to the problem. Companies of all sizes are vulnerable, even though their risks may be different.See the full content of this document
Extract
Commentary: Fraud Prevention 101: Businesses Both Big and Small Vulnerable
The impact of fraud hits a company straight in the bottom line. While large corporations may be able to withstand a six-figure or seven-figure fraud, a smaller corporation or a nonprofit organization may never recover. In order for survival in today's competitive marketplace, businesses must be proactive in the fight against fraud.
Anatomy of a fraudKnowing how to pr...See the full content of this document
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