Does Canada Have a Problem with Occupational Fraud?
AbstractSmall and medium-sized enterprises (SMEs) are an important collective force in the Canadian economy, however the visibility and economic power of small businesses suffer due to their size and frequent turnover. When it comes to the issue of businesses being subject to occupational fraud, the moderate visibility of SMEs only contributes to the challenge of assessing the real scope of the problem. This paper seeks to examine the prevalence and types of occupational fraud experienced by Canadian SMEs as well as gathers information on prevention and detection methods used to safeguard against occupational fraud. That is done based on data compiled from a survey of 802 SMEs across Canada. The analysis shows that a substantial proportion of SMEs experience incidents of occupational fraud; however, the majority of SMEs are not fully prepared to respond to fraud. Furthermore, SMEs’ experience with and attitudes toward fraud vary noticeably with company characteristics, although a large proportion of SMEs believe risk to occupational fraud is low.
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Bibliographic InfoPaper provided by Certified General Accountants Association of Canada in its series Working Papers with number 111206.
Length: 70 pages
Date of creation: Dec 2011
Date of revision:
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Web page: http://www.cga-canada.org
More information through EDIRC
Occupational fraud; fraud prevention; fraud detection; types of occupational fraud; Canadian small and medium businesses; employee fraud; internal fraud;
Find related papers by JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Personal Finance
- E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
- H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
- H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-19 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Leung, Danny Rispoli, Luke, 2011. "The Contribution of Small and Medium-sized Businesses to Gross Domestic Product: A Canada-United States Comparison," Economic Analysis (EA) Research Paper Series 2011070e, Statistics Canada, Analytical Studies Branch.
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