Internal fraud is a growing problem that costs corporate America an estimated $400 billion a year. Unfortunately, there is no foolproof method for uncovering fraud. Unlike visible crimes—such as robbery or assault—fraud’s hallmarks are deception and stealth.
Detection and Deterrence Services
Studies indicate that the “perception of detection” is a significant fraud deterrent. Adequate internal controls increase the likelihood that fraudulent activity will be detected early. We perform operational studies to evaluate procedures and internal controls and make recommendations for improvement. The goal of the engagement is to understand the situation in order to make specific recommendations for improved internal controls, that also make sense to those affected and that can be reasonably implemented.
Forensic Services & Investigations
Our experts are available to consult with you from situations when you question if there is an issue, to whether or not there is cause for an investigation to be conducted. Our services include record reconstruction; determining the nature and extent of inappropriate transactions and/or documenting loss for insurance claims. Types of investigations include:
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Employee embezzlement
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Vendor or customer fraud
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Contract compliance/non-performance
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Management misconduct
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Financial statement misrepresentation
Litigation Support Services
The role of a forensic accountant is to make complex accounting issues clear to non-accountants through written reports, graphic displays, or oral testimony. We handle many aspects of case preparation including:
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Economic fact finding
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Record reconstruction
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Document interpretation
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Preparation of expert report and trial visual aids
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Evaluation of opposing expert witness work product and testimony
For additional information about our Fraud & Forensic services, please contact Vincent P. (Vince) Hall, CISA, CFE, Information Technology Audit Director.
