Anti-Fraud & Post Fraud Discovery Support

Fraud can happen anywhere. Small businesses are both disproportionately victimized by fraud and notably under-protected by anti-fraud controls. We can help by installing simple, cost-effective anti-fraud controls such as training staff or formal management review procedures.

What Do These Numbers Mean?

  • 5. The average percentage of revenue every organization loses to fraud each year.
  • 18. The number of months an average fraud occurs.
  • 31. The percentage of all fraud that occurs in companies with less than 100 employees.
  • 155. The median loss amount is $155,000 for companies with under 100 employees.

Our Fraud & Forensics Services Include:

  • Employee Embezzlement
  • Corporate Board Investigations
  • Construction Contract Compliance
  • Designing Internal Control Programs
  • Testing Internal Controls
  • Fraud Risk Assessments
  • Expert Witness Reports & Testimony
  • Search for Hidden Assets in a Domestic Dispute

The First Questions to Ask if Fraud has Already Occurred:

  • Has the situation that allowed the losses to occur been stopped?
  • What is the extent of the damages?
  • What needs to be done in the future?

Employers With 100 or Less People Encounter a Larger Share of the Losses

Two of the reasons that account for this; first, there are materially weaker internal controls and testing of these controls in smaller businesses, so there is more opportunity; second, there are a significantly greater number of businesses of this size. Anthony DeBenedictis can be reached at (713) 350-2472 or adebenedictis@abipadvisors.com