CMR 302 Miami University Fraud in Small Businesses Article Paper

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Complete the attached assignment and return to me via Canvas:

From the article “What are the Seven Internal Control Procedures in Accounting”

https://smallbusiness.chron.com/seven-internal-control-procedures-accounting-76070.html

  1. How can small businesses, with only a few employees, implement the separation of duties internal control?
  2. How long does it typically take fraud to be detected?
  3. Access Controls, one of the seven accounting internal controls, refers to what?
  4. Standardizing documents refers to what?
  5. What reconciliation does the article refer to?

From the Fraud Protection Video

https://www.youtube.com/watch?v=bcQqIHfVmbc

  1. Identify the five fraud protection techniques discussed in the video

From the Small Business Fraud video

https://www.youtube.com/watch?v=IIcNygSOCpA

  1. What is the Fraud Triangle?
  2. Identify three examples of how fraud can be detected
  3. Identify three fraud “motives” why a person would commit fraud?
  4. Identify three “rationalization” reasons why a person would commit fraud?

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