Fraud Prevention Services
As demonstrated so often recently, fraud has had an impact on organizations of every size and type. The potential effect that fraud can have is financially devastating to an organization. It can also effect an organization's reputation. In recent cases, management has been held responsible for fraud in their organizations. What can your organization do to protect from fraud? Kiesling is able to offer services which will help limit an entity's exposure to fraud. Kiesling professionals belong to professional associations such as the American Institute of Certified Public Accountants and the Association of Certified Fraud Examiners. Fraud Investigations
What should you do if you suspect your entity is a victim of fraud? Kiesling professionals can help to resolve suspicions or allegations of fraud. We will take the appropriate steps to bring the investigation to a conclusion. These steps include:
- Interviewing employees and external parties.
- Examining evidence and other financial records.
- Assisting in determining the method of fraud, its participants, and the amount of damages.
- Reporting on the findings.
Financial Statement Fraud
There has been an increase recently in the number and size of financial statement frauds. We will draw on our experience to determine if financial statements are accurate, or are the result of fraud. We can also test to see if financial statements meet regulatory and debt covenant requirements.
Fraud Prevention Checkups
Does your organization have a method for identifying and responding to the risk of fraud? The purpose of this service is to provide an objective evaluation of the processes your organization uses to prevent fraud. This will help your organization to identify and manage its fraud risks. Best of all, it's simple and inexpensive.
Internal Control Reviews
One of the best ways an organization can prevent fraud is through implementing an effective system of internal control. This will help to limit the opportunity to commit fraud, which is central to fraud prevention. We will work with you to assess potential weaknesses in your organization's internal control structure. As areas of concern are identified, we will make recommendations on how best to limit your organization's exposure to fraud.
Training
We can provide you with customized training which can assist management, the board of directors, or employees to understand their responsibility regarding fraud.
"Any entity that fails to protect itself appropriately from fraud should expect to become a victim of fraud, or rather, should expect to discover that it is a victim of fraud."
SOURCE: The Association of Certified Fraud Examiners' Fraud Prevention Checkup |