| Who
we are..... |
| White
Collar Crime Investigation Specialists who
provide the following: |
- Detection
and investigation to determine the scope of losses and possible perpetrators
- Interview
and interrogation of suspects
- Background
investigation of prospective employees and others
- Financial
statement analysis, ratio analysis,
industry
statistics
- Hidden
asset searches
|
| We
are also..... |
| Fraud
Prevention Specialists experienced
in: |
- Internal
control evaluation
- Organizational
structure analysis
- Personnel
policies and procedures review
- Computer
controls and risk analysis
- Management
staff training
- Educational
and informational literature
|
| How
they do it..... |
- Asset
misappropriation accounts for eighty percent (80%) of all reported
fraud cases
- Fraudulent
statements - false financial statements
- Computer
security breaches - unauthorized computer access by insiders
- Bribery
and corruption - usually an executive, manager or employee in collusion
with an outsider
- Manipulation
of accounting records
|
| Who
are the victims..... |
- Companies
with fewer than 100 employees are the most common victims
|
| Did
you know..... |
- Ninety
percent (90%) of all Americans have been victims of fraud
- Workplace
fraud is estimated to be over $400 billion a year nationwide
Theft
occurs in ninety-five (95%) percent of all American companies - fewer
then ten percent (10%) are uncovered Eighty
percent (80%) of all employees have pilfered in the work force
- The
average bank robbery nets only $3,200, while the average embezzlement
nets $125,000
Check fraud alone in the U.S. now exceeds $15 billion each year
- Over
ninety percent (90%) of financial frauds are discovered by accident
Perpetrators of fraud usually rationalize their actions and often
feel entitled to what they have taken
- There
need for reward is greater than the fear of the consequences
Other employees often know or suspect fraud, but are reluctant to
come forward
- Those
who commit fraud are often the employees you consider your most loyal
and trustworthy
- Make
fraud detection a responsibility of everyone in the company - BECOME
PROACTIVE - IMPLEMENT FRAUD PREVENTION POLICIES!!!
|
| Proactive
steps to prevent fraud..... |
- Management
should provide and promote leadership and a code of ethics
- Management
needs to define the company's ethical philosophy
- This
philosophy should make clear your company's expectations on values,
rules and policies that will support an ethical and legal environment
- Have
a company wide understanding that the importance of a strong ethical
code will reduce legal issues
- Be certain
your ethical philosophy is specific and that it encompasses all levels
of the company's operations
- Organize
an internal group of employees, from the various levels, whose purpose
will be to discuss any ethical or legal issues that might come up
- Organize
a review board of not only upper management and employees but also
customers or clients
- This
will give you a wider range of understanding issues from all sides
- Institute
a policy where all employees have to read and sign the company's ethical
philosophy standards
|
|
Submit
an Inquiry!
Would you like more information about our services?
Do you have a question or problem we can help you with?
Would you like a representative to contact you ?
|
| If
so, e-mail us at |
