PODCAST: Why Small Businesses Are Vulnerable to Fraud
October 3, 2018
Tim Porter, a Certified Fraud Examiner and Audit Senior Manger at the firm, is part of our forensic accounting practice, which helps clients deter, detect, and recover from fraud. In a podcast recorded with the Portland Business Journal, Tim spoke at length about small businesses and their susceptibility to occupational fraud.
Read some highlights below:
- “In small businesses, it’s really tough because these organizations have the fewest resources to prevent and recover from fraud and they often require an increased level of trust in their employees because they have fewer employees.”
- “In most cases, these perpetrators have been employed for a long time, more than 10 years. Generally, they’re older employees.”
- “The other thing that’s unfortunate is very few fraud cases result in a complete recovery of losses.”
Listen to the podcast below: