We believe fraud education and awareness helps a company identify risks and implement appropriate fraud prevention activities. Our Certified Fraud Examiners (CFE) and auditors utilize software and technology tools to analyze vast amounts of data and quickly detect anomalies and questionable trends. Our team is experienced in auditing and control practice reviews, including investigating incidents of potential fraud or other ethical violations. We also conduct fraud risk assessments.
Common areas of investigation include:
- Non-existent or “ghost” employees
- Payments to fictitious vendors
- Mishandling of cash or rebates
- Misappropriation of assets: vehicles, equipment, inventory, etc.
- Falsified expense report(s)
- Inappropriate or unapproved purchase activity; abuse of purchase card
- Inaccurate or misleading reporting to management
- Segregation of duties conflicts
- Similar invoices across multiple vendors
- Conflicts of interests: collusion with or relationships between company and vendor employees
- Unexplained anomalies in charges among invoices
- Intentional overstatements in labor hours charged
- Quantifying dollar exposure of fraud losses for restitution purposes
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Stinnett & Associates is not a CPA firm.