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Fraud Investigation & Deterrence

Fraud Investigation & Deterrence

Don’t skate on thin ice

According to the Association of Certified Fraud Examiners’ 2016 Report to the Nations on Occupational Fraud and Abuse:

  • The median length of a fraud scheme is 18 months.
  • It is estimated that companies lose approximately 5 percent of revenues to fraud annually.
  • The median loss to organizations with less than 100 employees is $150,000.
  • Anti-fraud controls have a significant impact on the amount of loss.
  • Frauds involving multiple people (collusion) involve much larger losses than those committed by single individuals.
  • The most cost-effective way to deal with fraud is to prevent it.

KraftCPAs’ fraud investigation team assists businesses, attorneys, insurance companies and others by conducting detailed investigations of suspected fraud and providing fraud prevention services. Our team members are Certified Fraud Examiners (CFE) in addition to being CPAs. Services include:

  • Investigating financial statement fraud
  • Investigating tax, healthcare and bankruptcy frauds
  • Investigating employee theft
  • Investigating check kiting
  • Tracing money or assets
  • Determining the reasonableness of insurance claims

Internal Control Studies

With an internal control study, we can help identify weaknesses in your systems and recommend policies and procedures to help you deter fraud and help detect it if it occurs. Businesses of all types and sizes are susceptible to fraud, but small businesses are often the easiest targets.

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