The Small Business Fraud Prevention Toolkit

VITALICS INTERNAL CONTROL FORMS AND FRAUD PREVENTION TOOLKIT

Vitalics is a internal control system of forms for bookkeeping and accounting.

Before Vitalics was a concept, the Small Business Fraud Prevention Toolkit and Manual was the original fraud prevention tool created specifically for smaller businesses.  It includes a 2 hour WMV (electronic download) file on fraud prevention containing fraud schemes, detection measures, prevention measures a risk assessment form and an internal control report. The toolkit also includes a manual for referencing.

The Small Business Fraud Prevention Toolkit Includes:

Over 2 hours of Fraud Prevention Education on a DVD or WMV electronic Download including:

  • Actual Case Studies
  • Common Fraud Schemes
  • Warning Signs
  • Detection Methods
  • Preventing Fraud Schemes
  • Using Ratio Analysis
  • Instructions

BUY THE TOOLKIT WITH VITALICS
  • FORMS
  • VIDEOS



WHAT IS VITALICS

Vitalics is a small business internal control program that provides all the tools to easily set up and implement your company’s controls.  Vitalics contains over 140 already created yet customizable internal control forms, checklists and templates in a desktop application.  Vitalics forms are also available separately.   Whether you are a business owner, office manager, bookkeeper or accountant, Vitalics will provide you the reassurance that your work or your company assets are protected.



DID YOU KNOW ?

The average cost for a fraud investigation before lawyers are even involved is $15,000. The average cost of an internal control audit and system set-up is about $4,000. If you believe you are a victim of occupational fraud, contact us at
Business Fraud Prevention, LLCI
would honestly love to save you the money by preventing fraud in the first place. So much more cost effective!

OCCUPATIONAL FRAUD STATISTICS AND FRAUD SCHEME TYPES ACFE 2014 REPORT TO THE NATIONS

According to the ACFE’s 2014 RTN, U.S. Organizations will lose an average of 5% of their gross revenues to fraud. The association of Certified Fraud Examiners is the world’s largest anti-fraud organization and premier provider of training materials. The entire report can be downloaded at no charge at www.acfe.com.

Smaller organizations continue to rank highest in occupational fraud frequency compared to larger businesses. The average loss was $150,000 per fraud occurrence.

Corruption is the most common method of fraud in small businesses with fewer than 100 employees while a billing scheme is a close second.

Primary internal control weaknesses showed that “lack of internal controls” were most prominently present in fraud case studies while lack of management review was the next common weakness.