Fisk of Fraud in Small and Medium Enterprises

Rizika podvodu v malých a středních podnicích

Libuše Müllerová

Český finanční a účetní časopis, 2006, vol. 2006, issue 4, 50-55

Abstract: The article is dealing with the issue of fraud and the circumstances of its commitment in SME. It mentions possible ways of fraud, which concern either stealing of the assets or fraudulent presentation of the financial statement. The former can be done mainly by employees, the latter mostly by management or owners. The fraud can be also committed by both groups with help of third parties. The fraud can be identified by general indicators of firm's culture or by specific indicators monitoring the condition or opportunities for a fraud. The consequences of a fraud can get manifested in a financial loss or in the other forms of losses. The risks of fraud can be lowered down by support of ethical principles in the firm, by implementation of internal control system and the delegation of competences and responsibility within the firm.

Keywords: Fisk of Fraud; Stealing of the Assets; Fraudulent Presentation; Riziko podvodu; Zpronevěra; Podvodné vykazování (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2006
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DOI: 10.18267/j.cfuc.194

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