Fraud Prevention
Workplace frauds can cost an organization tens of thousands of dollars—or more. With the potential for such substantial losses, every organization needs to assess its level of risk. Statistics show that the median loss due to fraud for smaller organizations (less than 100 employees) is even greater than those with 10,000 or more employees. And, not-for-profit and government entities make up a significant portion of the organizations that have been affected.
Experience You Can Rely On
If you suspect fraud within your organization, it’s important to move quickly—and to work with an experienced investigator who is trained to detect the subtle clues that identify a problem. At Schenck, our certified fraud examiners combine their knowledge of accounting practices with investigative expertise to determine if fraud has indeed occurred within your organization and to quantify damages. Then, we work closely with you to help you understand how the fraud took place and to reduce the chance of it happening again. Throughout the engagement, you can be assured of our discretion and confidentiality.
Be Proactive to Protect Your Organization
The best way to deter fraud? The old adage, “the best defense is a good offense,” applies to fraud prevention as well. Implementing and maintaining strong internal controls and procedures makes it more difficult for fraud to occur or progress. Our fraud prevention specialists will use their understanding of common schemes to help you create controls to protect your organization. And, as your organization changes and grows, we’ll work with you to re-evaluate your systems to determine if controls are sufficient based on your current structure.
Contact Us to Learn More
Now is the time to take steps to prevent occupational fraud or abuse within your organization. To learn more about how we can help, contact our fraud prevention specialists at Schenck.