Dealing with Fraudulent Activities within an Organization – Live Webinar by ELI Financial

Eli Financial will host an online event presented by expert speaker Paul McCormack focusing on fraud challenges faced by small businesses within their establishment, on Wednesday, January 18, 2017.

A division of AudioSolutionz, Eli Financial possesses immense specialization in providing high-quality information and optimum strategies. Eli Financial distinguishes itself from every other business entity through its innovative products and via careful analysis and guidance in financial domains.

ELI Financial will host a live webinar by expert speaker and fraud prevention specialist Paul McCormack, titled 'Unique Fraud Challenges Facing Small Businesses', on Wednesday, January 18, 2017. During the event, Paul will discuss the unique challenges that small businesses often face while fighting fraud within their establishments. This event will help attendees review certain measures which when implemented can ease the process of preventing fraud.

This year, the Association of Certified Fraud Examiners reported that the median fraud loss for businesses, which employ 100 employees or lesser, is $150,000. Due to the limited resources available to invest for combatting fraudulent practices, the small enterprise undertakings specifically become vulnerable to fraudulent practices which could be executed by both employees as well as third-parties. Regrettably, such small scale businesses victimized by fraud usually end up going out of business.

Use of internal controls is necessary for reducing the probability of fraud. With no controls in place, the additional pressure of a declining economy can tempt a person to fall into the trap and commit the act. Segregation of policies and procedures is another effective way which ensures that no single employee holds too much responsibility within the company's system. A few activities that can help in fraud prevention include:

• Compensating employees suitably


• Providing adequate training as per the job responsibility


• Paying attention to every detail


• Keeping the entire work area organized


• Setting tough yet achievable goals


• Regular review of every employee's work


• Having a good Information security system in place


• Management keeping tab on everything going on within the organization

This live event by Paul McCormack will shed light on certain scenarios that small businesses find to be challenging, while dealing with fraud within their establishment. Certain real-life fraud cases and lessons learnt from all such cases will also be taken up during the discussion.

About Eli Financial

Eli Financial is an AudioSolutionz division and is focused exclusively on delivering high-quality information, analysis as well as how-to strategies to finance professionals. Its products comprise of monthly newsletters, special reports, webinars, live conferences, and more, through which it provides intelligent strategic analysis along with practical guidance, and not just simple reporting of regular news.

Company :-Eli Financial

User :- John Bartram

Email :-bartramjohn000@gmail.com

Phone :-800-223-8720

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