PRIMARY CONTACT: Adam J. Goode CPA
Fraud can be catastrophic in both financial and reputational terms, and therefore, requires executive commitment to address related risks so that an organization is adequately protected.
Schneider Downs Business Advisors can provide you with the necessary expertise to evaluate your company’s current fraud mitigation plan and infrastructure, support your efforts to perform a fraud risk assessment or assist with the development of a robust fraud mitigation plan.
Unfortunately, many companies find out about their weaknesses only after they have been exploited by a fraudster. Even smaller frauds are a drain on an organization’s financial resources. In today’s environment, no organization wants to throw away even a small percentage of revenues (3% to 5%) in fraud losses. Given recent headlines, fraud is at least on the radar of most organizational leaders. Executives typically wonder whether fraud can occur within their organization, beholden to their trust that their accountants have things in order, but lacking the expertise or resources to truly assess the status of their organization’s fraud mitigation program (if it exists).
Schneider Downs Business Advisors can assist executive leadership by performing an organizational Fraud Risk Diagnostic Evaluation, the first step in assessing an organization’s fraud readiness.
The minimal investment made for a Fraud Risk Diagnostic Evaluation can be offset by triggering necessary improvements or by simply serving as validation of the current state of the fraud mitigation program.
Our quick and efficient approach consists of an analysis of the following areas an organization’s fraud mitigation program:
In evaluating these areas, we highlight weaknesses in an organization’s fraud mitigation program, so that the organization can make necessary modifications, including the possible performance of a fraud risk assessment.
About Schneider Downs Business Advisory
The Schneider Downs Business Advisory group is experienced in handling business interruption matters with forensic accounting professionals and litigation support specialists. Additionally, our Business Advisory group managed our research and consulting work on the Paycheck Protection Program (PPP), so the team is uniquely qualified to prepare potential claims related to losses from COVID-19.
Learn more about our Business Advisory services or contact us for more information.
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Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and business advisory services to public and private companies, not-for-profit organizations and global companies. We also offer Internal Audit; Technology Consulting; Software Solutions; Personal Financial Services; Retirement Plan Solutions and Corporate Finance Services. Schneider Downs is the 13th largest accounting firm in the Mid-Atlantic region and serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
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