Fraud

World fraud losses total $2.9 trillion each year. The median loss is $160,000 with one quarter of all frauds involving losses of at least $1 million. Most business owners who have been victims of fraud never thought it could happen to them.

Fraud deterrence is based on the premise that fraud is not a random occurrence, but occurs where the conditions are right for it to occur. Baker Spindler Holtz can help minimize your company’s exposure to potential fraud with an examination of its internal controls and by helping to institute effective fraud prevention policies and procedures. An internal control evaluation can help deter the root causes and enablers of fraud. This systemic evaluation can help minimize your company’s exposure to fraud.