Financial Fraud and Forensic Solutions
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Financial Fraud & Forensic Solutions
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Transcript of Financial Fraud and Forensic Solutions
Financial Fraud & Forensic Solutions
Have you recently discovered that your most trusted employee or business partner has been stealing from you?
Do you have an action plan or a way to prevent it from happening to you again?
GPS understands that you have experienced much more than just financial losses.
You are also emotionally drained…
Lacking confidence in your financial and operational data…
And even worse, you’re concerned of losing your customers’ and vendors’ confidence.
Don’t be a victim. And certainly don’t be a victim twice.
Preventing, detecting, and deterring fraud is challenging.
Dealing with the losses and aftermath is far more time consuming and emotionally draining.
Contact an expert you can trust.
According to the ACFE’s 2010 Report to the Nation:
Survey participants estimated that the typical organization loses 5% of its annual revenues to fraud
Small businesses suffer disproportionately high occupational fraud losses with a median loss of $155,000
Initial Detection of Fraud in Small Businesses:
33.3% by tips
15.3% by management review
12.1% by accident
9.2% by account reconciliation
8.2% by internal audit
7.9% by document examination
7.1% by external audit
What have you been doing to prevent & detect fraud in your business?
Do you have an anonymous hotline for reporting fraud?
Do you have effective management review processes in place?
Do you perform account reconciliations at least monthly?
Do you have an effective internal audit function?
Do you thoroughly review your bank statements at least monthly?
Do you examine the supporting documentation for your transactions?
If you answered “no” to any of these questions, contact GPS to assist you with mitigating your risk of fraud.
