yoss: fraud costs big—here’s how to prevent it | quick tech talk

even small changes to internal controls can reduce the average $700k loss.

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quick tech talk
with steve yoss
cpe today

fraud isn’t just a nuisance—it’s a multimillion-dollar drain on businesses every year. according to the association of certified fraud examiners (acfe), organizations lose an estimated 5% of their annual revenue to fraud. that amounts to a staggering $4.7 trillion globally, based on the 2022 report to the nations.

more steve yoss here | more tech

in the latest episode of quick tech talk, technology educator and cpa steve yoss breaks down why fraud persists—and what financial professionals can do to stop it. from asset misappropriation to corruption to financial statement fraud, yoss explains the common red flags, the steep costs, and how improving your organization’s internal controls can yield major savings and a more ethical workplace culture.