In this article we have described the four primary
sources of fraud risk for small businesses and outlined seven steps that small business leaders can take to
mitigate these risks. The first step in putting together
your own fraud risk management begins with an
awareness of both the unique challenges and oppor-tunities facing your particular operation. It may take
a year or more to develop this awareness into a fraud
risk management plan that works for your situation.
As your resources and expertise change over time, so
can the scope and sophistication of your plan.