1.Explain the fraud triangle.

2.Explain Albrecht’s concept of the fraud scale

3.Dr. Stephen Albrecht studied red flags and defined them into two categories. Describe these categories.

4.Article: When the Boss Trumps Internal Control

What four steps might have made a difference when the boss trumps internal control?

5.Article: Protect Small Business

what are the three major factors that contribute to small business fraud?

6. Article: Solving Employee Theft Cases.

What are the first two steps used by the fraud auditor to get employees to confide which of their co-workers they think committed the fraud being investigated?

7. Article: Small Business, Big Losses

What is the most common means of fraud detection?

8. Article: Deceptive Office Manager.

What should every business owner learn from the experience described in this article?

9. Article: Small Business at Risk.

Explain what is meant by step five mitigating the damages.

10. Define Internal Control