Fraud Prevention Solutions
Businesses, not for profit organizations and governmental entities often need assistance from a Certified Fraud Examiner (CFE) in the following areas:
- Anti-bribery and corruption investigations
- Asset tracing, misappropriation and employee embezzlement investigations
- Design of IT controls
- Digital forensics services
- Economic damage analysis
- Financial statement fraud and improper revenue and expense recognition
- Fraud hotline evaluation and testing
- Fraud insurance recovery investigations
- Fraud prevention programs
- Fraud risk assessment and evaluation of internal controls
- Insurance claim analysis
- IT/cybersecurity assessments
- Litigation support and expert witness testimony
- Reconstruction of financial records
- Third party vendor kickbacks and contract compliance
- Whistleblower investigations
Types of Fraud
Asset Misappropriation
- Check forgery
- Check kiting
- Check tampering
- Inventory theft
- Commission fraud
- Expense account fraud
- Health insurance fraud
- Payment fraud
- Procurement fraud
- Theft of cash
- Theft of services
- Expense reimbursement fraud
- Workers’ compensation fraud
Vendor Fraud
- Billing schemes
- Bribery and kickbacks
- Check tampering
- Overbilling
- Price fixing
Accounting Fraud
- Accounts payable fraud
- Accounts receivable fraud
- Double-check fraud
- Embezzlement
- Fake supplier
- Personal purchases
Payroll Fraud
- Advance fraud
- Ghost employee schemes
- Paycheck theft
- Timesheet fraud
Data Theft
- Theft of customer or contact lists
- Theft of personally identifiable information (PID)
- Trade secret theft
Bribery and Corruption
- Bribes
- Kickbacks
- Shell company fraud
- Schemes product substitution
Intellectual Property Fraud
- Theft of intellectual property due to lack of registration
- Theft of property protected under copyright, patent or trade secret
- Inventor promotion fraud
Government Fraud
- Contractor fraud
- Healthcare fraud
- Procurement fraud
Financial Statement Fraud
- Overstating revenue, earnings and assets
- Understating liabilities