Essay On Small Business Fraud

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Small Business Fraud
Fraud has become a major issue in the world in which we live today. Many would argue that fraud is quickly becoming a norm in today’s society. This abstract and false view on fraud has made its way into the business world and has created an idea that fraud is an acceptable and necessary part of living, specifically within small businesses. The unique aspect of small business fraud, is that the fraudster is possibly an employee within the company. To simply state that small business fraud is defined by one single variable would be a highly false claim, it is however, characterized by a melting pot of ever changing characteristics.
Small business fraud cases can include any form of business issues that involves abnormal or illegal situations involving the financial aspect of an entity. False statements are seen as red flags for fraudulent activity, and may be given by both entities involved or by one. There can be multiple ways that a small business fraud can be carried out. However, there usually is just one common
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“Fraud doesn’t discriminate when and how it is going to occur” (About the Report, 2016). Many entities believe a fraudulent situation will not or either could not happen to them; these individuals are simply being ignorant or naive. No company, or individual, is “immune to the threat of fraud” (About the Report, 2016). There are attempts being made to increase the financial world’s knowledge of small business frauds and hopefully to give constructive criticism and suggestions to aid in reducing the occurrence of fraudulent acts. This will eliminate the idea that fraud is something that is heard of and not actually experienced. “There are still many organizations that suffer from the “it cannot and will not happen here” mentality (About the Report, 2016, para. 1). Just because a fraud is not seen happening does not mean that it did not

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