No one is immune to fraud. One estimate suggests that losses to fraud total $400 billion, nationwide. No
one knows how many business failures are actually caused by fraud, but we know that vast numbers of
businesses, especially small firms, fail each year due to fraud losses. As the following graph shows, fraud
cuts across all industries.
When fraud occurs, a specialist in fraud investigation is required to identify the people involved. We
have trained investigators who can conduct such investigations and we understand the need for
confidentiality.
We can also assist businesses in detecting fraud, but we most prefer engagements which allow us to help
prevent fraud before it occurs. Prevention is not only the best, it is the most cost effective.
Losses can occur in almost any area, not just cash. As the following chart shows, losses in cash actually
represent the lowest level of fraud. Accounts receivable, expenditures for services, and inventory losses
are each three times those in cash.
In our fraud prevention services, we understand the exposure that a business faces in all areas of its
operation, and we make recommendations which managers can use to protect business assets.
Detecting fraud requires an investigator who understands how losses from any source affect the financial
performance of the business. Our investigators can not only diagnose fraud losses, they can suggest
changes to accounting systems which can highlight future problems before they become serious. We can
help make accounting a more useful tool.
The following graph shows that fraud is not just a problem in large firms. Small businesses are just as
susceptible. This is a serious problem because fraud in a small firm creates a greater impact, as the firm
does not have the resources to absorb the loss.
Our investigators have worked with hundreds of small firms over the years, and understand the special
problems they face. In a simple, cost effective, security review, we can help small and large firms protect
their assets and preserve their future. If fraud is suspected, we can determine if it actually exists. If
fraud exists, we can investigate to identify its source. Let us be your SWAT team, you secret weapon
against theft.
Graphs and statistics are drawn from data published in J.T. Wells (1996) Report to the Nation on Occupational Fraud and Abuse. Austin, TX:
Association of Certified Fraud Examiners.