Fraud Investigation & Prevention

Without a solid internal control system to help deter and prevent fraud, your business is taking a grave risk. According to the Association of Certified Fraud Examiners’ 2018 Report to the Nations on Occupational Fraud and Abuse:

  • It is estimated that companies lose approximately 5 percent of revenues to fraud annually.
  • The median length of a fraud scheme, from the time it began to the time it is detected, is 16-months.
  • The median loss to small organizations is $200,000.
  • 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 presence of anti-fraud controls is associated with reduced fraud losses and shorter fraud duration.

Janicek Valuation & Forensic Services, PLLC’s 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 consist of Certified Forensic Accountants (CRFAC), CPAs Certified in Financial Forensics (CFF), and Certified Fraud Examiners (CFE). Services include:

  • Investigating financial statement fraud
  • Investigating employee theft
  • Investigating check kiting
  • Tracing money or assets
  • Determining the reasonableness of insurance claims

Internal Accounting Controls Analysis

With an internal accounting controls analysis, we can help identify weaknesses in your business processes and recommend policies and procedures to help lower your fraud risk, and help detect it should it occur. Businesses of all types and sizes are susceptible to fraud, but small businesses are often the easiest targets.