Fraud Detection and Prevention
In these challenging economic times, fraud is as prevalent as ever. Small businesses are often hit the hardest, continuing to suffer disproportionate fraud losses. The median loss suffered by organizations with fewer than 100 employees is higher than the median loss in even the largest organizations. The most common occupational frauds in small businesses involve employees fraudulently writing company checks, skimming revenues, and processing fraudulent invoices.
As a business owner, your best line of defense is to limit the opportunity for fraud to occur – our team of Certified Fraud Examiners (CFEs) has met the rigorous training requirements of the Association of Certified Fraud Examiners (ACFE) and is prepared to help you detect and protect your business from fraud. We offer forensic accounting services for a variety of engagements, including: litigation support, management advisory engagements, and business consulting engagements.
Forensic accounting and CFE services are used for a number of business purposes such as shareholder and owner dispute resolution, merger and acquisition due diligence, embezzlement and theft loss cases, purchases of businesses subsequently determined to be based on fraudulent financial reporting, and insurance recovery claims from loss due to theft or fraud. Some personal situations may also warrant the use of forensic accounting services: divorce cases including discovery of hidden assets and property settlements or business valuations (of closely held companies) based on financial statements or information that is fraudulent or in error; bankruptcy cases including fraudulent financial reporting, property transfer schemes, inflated appraisal schemes, and property flip schemes; and unauthorized or fraudulent transfers by guardians or power of attorney. Our CFEs also offer expert witness services related to these types of cases.
