The 2018 ACFE Report to the Nations, an annual survey of fraud examiners, shows the below image in their executive summary. Why are fraud schemes in smaller employers likely to lead to larger losses? SMALL BUSINESSES LOST ALMOST TWICE AS MUCH PER SCHEME TO FRAUD $104,000 MCCLAN LOSS 100+ EMPLOYEES $200,000 MEDIAN LOSS 100 EMPLOYEES Small firms have fewer managers to oversee activities. Large firms have fewer valuables available to abuse. Small firms struggle with segregation of duties. Large firms are more likely to document transactions