Mitigating Fraud Risks in Small Businesses: Practical Advice for CIBA Members

Fraud can quietly drain resources and disrupt small businesses, but with a few simple steps, owners can protect themselves. As a BAP(SA) member, you have the tools to help clients create a fraud-resistant environment. This article covers practical tips—like setting up basic checks and balances, encouraging a culture of honesty, using simple technology to track finances, and regularly reviewing for fraud risks. Small businesses don’t need big budgets to make a difference; they just need awareness and a few smart moves to safeguard their hard work.