FRAUD INVESTIGATION

Economic crime is a serious threat to businesses, in America and abroad.  Fraud and other white-collar crimes are making headlines with increasing frequency, causing companies to look at their vulnerability. 

The clandestine nature of fraud makes it difficult to detect and measure.  Fraud often remains unnoticed until significant losses are suffered and then the damage to cash flow, employee morale and industry reputation can be catastrophic.  Your best line of defense is a CPA who can advise you about fraud prevention and detection.

Stanfield & O'Dell, P.C. is fortunate to have a Certified Fraud Examiner on board with active affiliation in the Association of Certified Fraud Examiners organization.  Our experts can help you by providing the following services:

• Stanfield & O'Dell, P.C. can educate your employees about fraud, covering such topics as why fraud occurs, how to recognize it and what to do if they find it.  Your employees are a valuable resource because they see and hear the details of everyday operations within your business.  If they know what to look for, they can be instrumental in preventing fraud within your organization.

• Stanfield & O'Dell, P.C. can also educate your employees about theft coming from outside the company, such as check fraud, credit card fraud and bust-outs, which are schemes where fairly new customers buy large quantities of merchandise on credit with no intention of paying for it.

• Stanfield & O'Dell, P.C. also offers assistance with implementing internal controls that are designed to deter fraudulent advances.  Further, we can review cash receipts and disbursements for inconsistencies, observe inventories or other assets that can be misappropriated and help you write reasonable personnel policies that communicate to your employees they are fairly treated and compensated.

• Stanfield & O'Dell, P.C. can also provide litigation support, forensic documentation and prosecution consulting.

Proactive vigilance and education are your best weapons against fraud in your workplace.  If you are worried that your company may be at risk, let Stanfield & O'Dell, P.C. help you set your mind at ease.