Fraud in Family Businesses
This article is investigating fraud in Family Businesses in comparison to general businesses.
Fraud is an often occuring problem regarding internal corruption. It carries many risks for companies, especially family businesses.
Following an excerpt from the article:
...Family businesses often pose a greater risk of fraud because their controls over assets and data are inadequate. The family atmosphere often leads to more trust, which leads to less control over processes. Inadvertently, non-family members may be afforded the same level of trust given to family members.
This article is investigating fraud in Family Businesses in comparison to general businesses.
Fraud is an often occuring problem regarding internal corruption. It carries many risks for companies, especially family businesses.
Following an excerpt from the article:
...Family businesses often pose a greater risk of fraud because their controls over assets and data are inadequate. The family atmosphere often leads to more trust, which leads to less control over processes. Inadvertently, non-family members may be afforded the same level of trust given to family members.
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