Fraud Risks and Why Internal Controls are Important

Amy Buben

Yeo & Yeo’s Amy Buben, a Certified Fraud Examiner, recently spoke to members of the Great Lakes Bay Manufacturers Association about fraud and internal controls. She described the different types of fraud that occur in businesses and why internal controls are important to help combat fraud risks. She shared examples of fraud that she has encountered as well as current data about the leading fraud schemes and various fraud detection methods, by the size of the organization.

Amy spoke about how to decrease fraud risk by increasing internal controls and the warning signs to watch for that signal possible fraudulent activity.

Download Amy Buben’s PowerPoint presentation.        

For more information on internal controls, read The Four Cornerstones of Internal Controls by Christopher Sheridan, CPA and Yeo & Yeo’s Internal Control Checklist.

Amy Buben

Amy Buben

CPA, CFE

Amy is a Principal in the business management advisory services department of Yeo & Yeo’s Saginaw office. She leads the firm’s Manufacturing Services Group, and is a Certified Fraud Examiner. Her areas of expertise include business consulting, financial reporting and tax issues with a strong focus on manufacturers, auto dealers, retail and wholesale sectors. She is a member of the Michigan Manufacturers Association.