Reference no: EM133503242

Research question: How auditors in Texas perceive an experience regarding internal controls to mitigate employee fraud in small-medium businesses?

1. Briefly explain your role as an auditor in Texas and your experience dealing with internal controls and employee fraud in small-medium businesses.

2. Explain the role and responsibilities assigned to internal auditors by the organization and its application in the context of internal controls and employee fraud.

3. In your perception and experience, what key internal control mechanisms can effectively mitigate employee fraud in small-medium businesses?

4. Share any challenges or obstacles you have encountered while implementing internal controls to mitigate employee fraud in small-medium businesses.

5. How can you assess the effectiveness of internal control measures in detecting and preventing employee fraud? Please provide examples from your experience.

6. Briefly explain the key factors that influence adopting and implementing internal controls in small-medium businesses, according to your experience and perception.

7. How can you typically collaborate with business owners and managers to design and implement internal control systems targeting employee fraud?

8. What are specific instances where internal controls designed to mitigate employee fraud were perceived as burdensome or excessive by small-medium businesses? If so, how were these concerns addressed?

9. How auditors perceive the accounting control mechanisms to monitor employees' behaviors and actions in small-medium businesses?

10. Based on your experience, what specific recommendations or best practices would you suggest to auditors, business owners, or regulators to enhance the effectiveness of internal controls in mitigating employee fraud in small-medium businesses?