New Application Designed to Prevent Small Business Fraud and Costly Accounting Mistakes
Each year small businesses, which employ up to 50 percent of the American workforce, lose roughly $630 billion dollars to fraud. According to the Association of Certified Fraud Examiners– It is estimated that the typical organization loses 5% of its revenues to fraud each year. Due to their limited resources, small businesses can be especially devastated by fraud. Small organizations experienced an average fraud frequency of 37% compared to larger organizations that averaged only 20%. The lack of internal controls...
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