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. This translates 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 (DB&B) 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
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, preventing future incidents. We work closely with attorneys in order to support litigation and provide expert testimony.
We offer seminars to educate employees on how to prevent fraudulent activity, detect it and the value of internal 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.
