Warning Signs of Small Business Corruption

Warning Signs of Small Business Corruption

Corruption is all too frequent in small businesses — especially involving government contracts. In 2016, the Association of Certified Fraud Examiners reported that it takes 18 months for companies to uncover fraud schemes — and corruption in particular (for example, conflicts of interest or bribery) produces a median loss of $200,000. Left undetected, corruption has the potential to threaten a company’s ability to continue as a going concern.

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