Fraud

How vulnerable is your organization to fraud?  

Do you have adequate controls in place to prevent it? 

Do you worry that you or your business might be the victim of fraud?

Do you need to analyze your financial data to uncover potential misconduct?

What is Fraud?

The Association of Certified Fraud Examiners (ACFE) defines fraud and abuse as "the use of one's occupation for personal enrichment through the deliberate misuse or misappropriation of the employing organization's resources or assets."  According to the ACFE's Report to the Nation on Occupational Fraud and Abuse, fraud and abuse costs U.S. organizations more than $994 billion annually. 

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Small businesses are the most vulnerable. 

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The average organization loses about 7% of its total annual revenue to fraud committed by its own employees.  The most costly abuses occur in organizations with less than 100 employees.

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also see

Internal Controls Testing

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Forensic Accounting