Fraud Services
Fraud--It's
a word nobody wants associated with their business.
The Association of Certified Fraud Examiners estimates that fraud
losses in U.S. businesses represent 6% of annual revenues.
Applying
this to the 2003 annual gross domestic product translates
to $660 billion
per year in fraud losses to U.S. businesses.
Fraud effects every organization, large and small. To a large
businesses, it is expensive.
To a small business, it can be
devastating. In fact, that average small businesses loss is actually
greater than the average loss to
all but the very largest businesses because small
businesses
typically have poorer internal controls.
In the Association of
Certified Fraud Examiners most recent report on fraud, asset
theft
was the most prevalent
occupational fraud committed, exceeding 90% of all reported frauds.
Not surprisingly, cash
was the asset most often misappropriated, through a variety of
means.
Fraudulent disbursements
though various methods accounted for almost three-fourths of all
cash
theft schemes.
When fraud strikes, you
need to be able to navigate through a maze of issues and steps,
without
jeopardizing the case or
making the situation worse. Doug Betts, CFE, CPA, Inc. specializes
in
the following services:
Contact us today to discuss fraud
investigation and prevention services.
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