Fraud Prevention And Detection Services
A recent study shows that small companies are over 100 times more vulnerable to fraud than their largest counterparts. And fraud often goes undetected, or the perpetrators go unpunished and free to defraud other businesses. Contact Stambaugh Ness now to protect your business from “trusted” employees who can cause your business harm. OUR FRAUD PREVENTION AND DETECTION SERVICES: HIDDEN ASSET SEARCHES Analysis of bank records Location and recovery of misappropriated resources Tracing of assets and cash Capturing and formatting electronic evidence for presentation in a court of law Preparation of data summaries through demonstrative exhibits Preparation of document requests from domestic and foreign financial institutions
THEFT Staff training in security programs Development and review of policies and procedures for security and surveillance programs Conduction of security surveys Surveillance equipment recommendations and placement Staff training in internal control implementation
INSURANCE CLAIMS CALCULATIONS Embezzlement Inventory loss Business interruption
BANKRUPTCY FRAUD COMPLEX FRAUD INVESTIGATION ASSISTANCE WITH LEGAL PROCESS WARNING SIGNS OF FRAUD:
Overemphasis on short-term fundraising goals at the expense of adequate internal controls and accurate financial reporting Refusal to take legitimate perks such as vacation time or promotions Poorly monitored remote event or promotional locations that involve cash ticket sales or receipts Bounced checks Things don’t add up—literally Anonymous tips Employees’ lifestyle or behavior changes Missing computer hardware and software Unexplained invoices for software, hardware or services Inattention to details such as checking account balances, reconciling bank statements, spot-checking financial records and reviewing mail before it’s opened Not conducting background checks on anyone handling money A tendency, in your organization, to keep problems a secret instead of openly admitting and punishing fraudulent acts as they happen—a lack of consequences tends to invite employees to commit fraud.
|
Call for a Fraud Prevention Check-Up today!
How vulnerable is your company to fraud? Do you have adequate controls in place to prevent it? The Fraud Prevention Check-Up is a simple but powerful test of your company’s fraud health. Our Fraud Team can identify major gaps in your fraud prevention processes and fix them before it’s too late.
For more information, contact the SN Fraud Team today at 717-757-6999 or 800-745-8233 or send an email using the form below.
|
Are you getting all of the timely and useful information you need? Sign up now for our weekly eNewsletter. |
Go to Fraud Services Page
Go to Risk Advisory and Outsourced Audit Services Page
Go to Firm Services Page