© Michael A. Ross, CPA, P.C. All Rights Reserved.

Fraud Prevention, Detection, Internal Controls

Combating fraud before it occurs is vital to the survival of any business. The 2014 Report to the Nations on Occupational Fraud and Abuse estimates that the typical organization loses 5 percent of its revenues to fraud each year; more than 20 percent of the cases in the survey resulted in losses over $1 million.

 

At times you may need a trained outside professional to evaluate your company's operations to determine if the appropriate controls are in place to ensure proper handling of resources and to protect yourself from employee theft.

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We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. Then we make recommendations that help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.

 

Accounting scandals such as Enron and WorldCom demonstrate how fraud can completely destroy an organization, making fraud prevention and detection a critical component of every organization’s business strategy.

 

Is Your Company at Risk? Please contact us for more information.