Fraud Awareness and Prevention

November 15 – 21, 2020 is International Fraud Awareness week. Being aware of fraud and implementing good practices in your organization should not be reserved for one week per year, but practiced all year long. Learn more about our Forensic Accounting Services.

Organizations worldwide lose an estimated 5 percent of their annual revenues to fraud, according to the 2018 ACFE Report to the Nations on Occupational Fraud and Abuse. Fraud takes many shapes and forms, among them corporate fraud, consumer fraud, tax fraud, identity theft and many others.

Explore the resources and links below to see just how large of an impact fraud can have on your organization.

Why do people commit fraud? Pressure, opportunity and rationalization — called the Fraud Triangle — can come together to influence an individual to commit fraud in this short video.

The most cost-effective way to limit fraud losses is to prevent fraud from occurring in the first place. This checklist is designed to help you test the effectiveness of your fraud prevention measures. Download the “Fraud Prevention Checklist” printable handout.

Download the “5 Fraud Tips Every Business Leader Should Act On” printable handout for basic steps your organization can take immediately.

Do you know the most common behavioral red flags of fraud? Learn more with this data from the 2020 ACFE Report to the Nations.

How vulnerable is your company to fraud? Do you have adequate controls in place to prevent it? Find out by using the ACFE’s Fraud Prevention Check-Up, a simple yet powerful test of your company’s fraud health.

Do you suspect fraud in your organization?

Andrew Kucinski, CPA, RMA, PSA is a certified fraud examiner or CFE. The CFE credential denotes proven expertise in fraud prevention, detection, deterrence and investigation. He has the ability to:

  • examine data and records to detect and trace fraudulent transactions
  • interview suspects to obtain information and confessions
  • write investigation reports
  • advise clients as to their findings
  • testify at trial
  • understand the law as it relates to fraud and fraud investigations
  •  identify the underlying factors that motivate individuals to commit fraud

Please contact Andrew directly on 973.298.8500 if you suspect fraud in your organization, or would like a consultation.