“When people think about fraud prevention, they think about internal controls.  Indeed, internal controls are essential for preventing fraud.  Many times we hear smaller business owners imply that internal controls are expensive and that they do not have the manpower to implement them. The concern as it relates to implementing fraud prevention is referred to as the dreaded cost benefit analysis. This is far from the reality.  Internal controls can easily be tailored to meet the size of your organization and do not have to cost anything. The challenge is to maximize the resources you have to limit the risk of fraud.”

Excerpt from Joe’s Upcoming book Detecting Fraud in Organizations from Wiley