Fraud Prevention
Current reports of losses to fraud have been estimated in the billions of dollars annually. Bober Markey Fedorovich’s forensic accountants can help identify and determine the extent to which it is taking place, as well as reduce risk of loss.
Although fraud assignments can be complex and diverse, our professionals have the experience and the training required for this highly specialized field. Currently, we have two Certified Fraud Examiners (CFE) and four CPAs Certified in Financial Forensics (CFF) on staff. They can help with situations such as:
- Misappropriation of cash
- Misappropriation of inventory or supplies
- Employee embezzlement
- Lapping accounts receivable
- Misuse of petty cash funds
- Payments to phantom employees
- Payments to phantom vendors or excess payments to legitimate vendors
- Misrepresentation of financial statements or underlying records
- Income tax fraud
- Fraudulent conveyances in bankruptcy
The fraud prevention/internal control review serves several purposes to the success of your business. The review helps to prevent losses due to fraud and provides suggestions for improvement in the internal control structure.
Deliverables
- Review of control systems and procedures and a summary of suggested improvements
- Preparation of anti-fraud programs and controls
- Training of employees in fraud prevention and internal controls
- Preparation or review of accounting procedures manual by specific area
- Preparation of a policy on suspected misconduct and dishonesty
Practice LeadersJames E. Merklin, partner
Mark B. Bober, partner
Additional Resources Litigation support
Valuation