Fraud, Forensic Accounting and Internal Controls

Fraud, Forensic Accounting & Internal Controls

In the 2016 Report to the Nations, the Association of Certified Fraud Examiners estimates that the average organization loses more than 5% of its total annual revenue to fraud and abuse, translating to approximately $650 billion annually for U.S. businesses, with small businesses the hardest hit. Whether it is the result of corruption, misappropriation of assets or fraudulent financial reporting, losses due to employee theft and fraud can be reduced and often prevented.

Dermody, Burke & Brown employs professional staff who are experienced and trained to identify potential risks and help install anti-fraud controls. We currently have two Certified Fraud Examiners (CFE) on staff.

Our services include:

  • Forensic Accounting, Fraud Detection and Investigation. DB&B can identify specific instances of fraud by investigating, analyzing, and summarizing data. Such investigations allow us to highlight areas with weak internal controls and provide recommendations to remediate them and prevent future incidents. We work closely with attorneys in order to support litigation and provide expert testimony.
  • Fraud Prevention Training. We offer seminars to educate employees on how to prevent fraudulent activity, detect it and the value of internal controls.
  • Review of Fraud Prevention Controls. Our professionals perform a detailed review of internal controls, corporate governance policies and risk management techniques. Based on our review, we assess your exposure to fraud risks and report our findings and recommendations. We will also assist you with the development and implementation of enhanced policies and procedures.