Fraud Prevention & Investigation

Benefit:

  • Protects assets by reducing an organization’s risk of fraud
  • Provides reassurance to external stakeholders through recommend action of internal controls
  • Discovers or confirms likelihood of presence or absence of fraud and gathers evidence to support bonding claims and/or prosecution, if required

Who’s most likely to benefit:

  • In particular, organizations which:
    • Suspect fraud, embezzlement or other inappropriate or illegal financial activity
    • Are at high risk for fraud based on some aspect of the organization’s operations – for example, businesses which take in a large volume of cash daily, a history of fraudulent attempts, or high turnover in positions with asset-management responsibility
    • Would be catastrophically injured if fraud occurred due to loss of the organization’s credibility

Description:

When fraud may be suspected or even recognized, certified fraud examiners specialize in using document trails, interviews, and other methods of investigation to uncover fraud, if it exists, and build a case for prosecution. Fraud examiners are trained to detect the myriad ways thieves, embezzlers and others can steal an organization’s assets and cover their tracks.

At the prevention level, a certified fraud examiner can help an organization protect itself from fraud ranging from simple cash register theft to financial statement manipulation at the highest level. By examining the organization’s risks throughout its operations and recommending internal controls and processes to safeguard assets, a fraud examiner can help reduce the losses a company sustains from fraud, and prevent many opportunities for fraud.

Useful Resources for You

Article
managing fraud checklist picture
Risk Management

Checklist For Managing Fraud

There are many actions you can take to mitigate fraud

No checklist can protect an organization from the possibility of fraud, but there are many preventive actions that can reduce a potential fraudster’s opportunities to do harm.
Click to read the full article.

Article
stop fraud picture
Risk Management

Prevent Payroll Fraud

How to stop fraud and money theft

Payroll and money theft begins with a person(s) giving signs of stealing. There are common signs you should be cognizant of as a business executive.
Click to read the full article.

eBook
stop fraud hand picture
Risk Management

Preventing Fraud At Your Organization

How you can help mitigate fraud risks

Although small or medium-sized entities likely don’t have the resources for sophisticated fraud-prevention strategies, this eBook outlines ways to mitigate the most important fraud risks.
Click to read more.