Are small companies particularly at risk for fraud and embezzlement?

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Are small companies particularly at risk for fraud and embezzlement?

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Oftentimes, they are. They don’t have inhouse departments set up to prevent it, and they don’t have the funds to hire the Big Four accounting firms to do audits and make sure that money isn’t disappearing. Unfortunately, they’re also reluctant to spend even a small percentage of a $10,000 deal, even a $100,000 deal, to make sure they’re doing business with the right people. They do mergers, acquisitions, make investments in other companies — and they haven’t done their homework and their money is just taken.