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FRAUD
According to one 2008 survey, the average occupational fraud cost small businesses dearly:
- The median loss by organizations with less than 100 employees was $200,000.
- The median time span of a typical fraud scheme was 24 months.
- Retail, manufacturing, and healthcare organizations were in the top 5 of most frequent "victim organizations".
- The higest median fraud loss was caused by an employee with tenure and no previous criminal history.
While no auditor will "guarantee" that they will identify fraud, I will perform a Fraud Risk Assessment for your business that includes:
- An evaluation of your internal controls.
- A risk analysis of your operations.
- Detailed analysis of your high risk areas.
- Meetings with and interviews of key personnel.
- A presentation of findings to employees and or management
- Development of important countermeasures. Examples of frauds perpatrated against small businesses inlcude:
- Skimming
- Cash larceny
- Check tampering
- Billing frauds
- Expense fraud
- Asset misappropriation
- Payroll fraud.
My terms for this type of consultation work are very negotiable - I can work for you on a flat hourly rate or firm fixed price.
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