Fraud Prevention & Detection / Internal Controls

Every year, millions of dollars are stolen from employers by unscrupulous employees. Surprisingly, it’s not unusual for the fraudster to be a long-term, trusted staff member.

Our goal with each of our clients is prevention first.  It has been proven over many years that if an OPPORTUNITY for fraud exists, if that employee has a financial NEED and if they can RATIONALIZE the fraud to themselves, fraudulent activity will likely occur.  That’s known as the fraud triangle.  Your only defense is to minimize the opportunities by reducing weaknesses in your accounting systems, policies and procedures.  When it comes to fraudulent activity in your company, the cost of loss and remediation may well exceed the expense you would incur for preventive measures.

Our professionals use established forensic investigation methods including interviews, in-depth financial analysis, records review and research to identify any red flags.  Additionally, our professionals are trained in assessing the risk of fraud, designing controls to prevent or deter fraud, and monitoring compliance once the fraud controls and policies are in place.

Wegmann Dazet’s Forensic Services professionals are ready to help you by conducting fraud assessments, prevention and risk management services, as well as fraud investigations when appropriate. Our team is comprised of credentialed professionals who hold various designations including Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), Certified in Financial Forensics (CFF), Master Analyst in Financial Forensic (MAFF) and Accredited in Business Valuations (ABV). We are skilled and experienced in responding quickly and confidentially to allegations of fraud, white-collar crime, waste and abuse.

Ideally, your company has controls designed to prevent fraud from occurring, and these controls have been assessed for effectiveness. Should you be impacted by fraudulent activities, however, our professionals are experienced in investigating fraud: responding to your incident quickly; resolving the cause by strengthening controls and assisting you with putting a fraud compliance program in place.