The Impact of Internal Control Practices on Fraud Prevention: The Case of Lebanese Small-Medium Enterprises


  •   Sahar Alayli


When compared to large corporations, Small and Medium Enterprises (SMEs) are far more likely to suffer from employee losses and much less likely to be able to absorb these losses. Small and Medium Enterprises (SMEs) are better able to handle internal control than large corporations. It appears that the people of Lebanon view this issue with sensitivity, it is rarely brought up in casual conversation. Since internal control is the main issue facing Lebanese businesses, they would rather not address it. Only 308 of 400 responders filled out the survey, and the results were evaluated with the use of the SPSS statistical package. Findings showed that businesses in the modern era urgently require monitoring systems, as new evidence shows that monitoring frameworks affect performance evaluations. The environment in which it operates shapes a company's management mindset. The monitoring setup provides the backbone upon which further layers of internal control may be built. Consequently, the study's subjects include the organizations' cultures and working styles and the ethics and ethical beliefs of the employees who create and execute controls. Many factors interact to maintain a stable ecosystem. A subset of the executive board and representatives from each board committee have been tasked with gathering the information necessary to complete this report at the request of the board of directors.

Keywords: Controlling Environment, Controlling Activities, Monitoring, Information and Communication, Risk Assessment, Fraud Prevention.


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How to Cite
Alayli, S. (2022). The Impact of Internal Control Practices on Fraud Prevention: The Case of Lebanese Small-Medium Enterprises. European Journal of Business and Management Research, 7(5), 141–147.