Fraud is now so common that the only real surprise is its scale: Fraud analysts will tell you that once you detect fraud, it's most likely been going on for a significant period of time, and the losses are likely already substantial. Small businesses lose an average of $150,000 and the typical organization loses about 5% of their revenues a year before the fraud is detected*. We can help you identify and implement processes to prevent fraud from occurring in the first place, a potentially huge cost saving!
There are two ways financially that your business can be negatively impacted: fraud or error. The primary defense against both is a system of robust internal controls designed to prevent either from happening. We can review your existing internal controls, identify any gaps, and help you design an end-to-end solution tailored to your business.
You can improve your financial fraud prevention stance through comprehensive internal controls regardless of the size of your business or number of employees you have.
We'll review and document your existing controls and determine if there are any missing or ineffective controls that could allow for fraud or errors.
We'll suggest ways to segregate duties based on the number of employees you have in order to reduce the likelihood of an employee defrauding your company....even if you only have one employee!
We can maximize the effectiveness of controls over -
The Certified Internal Auditor (CIA) is a credential awarded by the Institute of Internal Auditors and is the only globally recognized internal audit certification. CIAs are trained in important functions of internal controls, including Internal Control Risks, Fraud Risks and Controls, Risk Management, Business Processes and Risks, and Risk Identification and Assessment.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.