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Don't let inadequate controls rob your business!
Unparalled Expertise
At PDR, we have on staff a Certified Fraud Examiner to provide you the specialized service required in these complex situations. We, as members of the Association of Fraud Examiners, have experience as expert witnesses and provide opinions and testimony in litigation matters. Our team of auditors have extensive experience in evaluation of a company’s internal control environment.
The Statistics Are Alarming
Fraud is on the rise! A recent study determined that 90% of all U.S. corporations are experiencing employee-perpetrated fraud to some degree. Even more alarming is that less than 10% of this fraud was either detected or prosecuted!
Internal fraud costs organizations in the U.S. $400 billion each year with the average company losing $9 a day to employees. Are you exposing your business to fraud?
You Must Create The Impression That Someone Is Watching
A simple but effective internal control structure can drastically reduce your chances of becoming a victim! Internal control consists of five interrelated components as follows:
| • | Control environment sets the tone of the organization, influencing the control consciousness of its employees. |
| • | Risk assessment is the company’s identification and analysis of risks relevant to the achievement of its corporate objectives. |
| • | Control activities are the policies and procedures that help ensure that management directives are carried out. |
| • | Information and communication are the identification, capture, and exchange of information in a form and time frame that enable people to carry out their responsibilities. |
| • | Monitoring is the process that assures the quality of internal control performance over time. |
Be sure to ask about our fraud deterrence package which provides you with a multi-tiered assessment of the design and operating effectiveness of your internal controls and recommendations for improvement.
Call us today and we will be happy to explain our services in more detail.
