Almost every small business owner and manager would agree that cybersecurity is necessary to protect their company in today’s environment. The number and type of cyberattacks continue to increase, leaving many exposed to ever-evolving, complicated threats.
Psychologists estimate that more than 90% of communication happens through tone of voice and body language. So, when evaluating fraud risks during an audit, a face-to-face interview is critical to help detect nonverbal cues.
In today’s uncertain marketplace, it’s important to look at fraud risks from a fresh perspective. Here’s how auditors are doubling down in their efforts to accurately assess emerging and increased fraud risks during the pandemic.