Fraud Detection and Deterrence Services

Occupational fraud is a widespread problem leaving no business, industry or organization immune to its potentially devastating losses of funds and diminished reputation. According to recent studies conducted by the Association of Certified Fraud Examiners, the impact of fraud on small businesses and organizations often do not know when they are victimized. Many frauds are never detected or are only caught after they have continued for several years.

The McGowen, Hurst, Clark & Smith, P.C. Fraud Detection and Deterrence Services team has extensive experience working with businesses and organizations to identify potential fraud risk and implement fully integrated fraud prevention strategies.

Fraud Detection and Deterrence Services are consulting engagements offered by MHC&S to investigate possible fraud within specific accounting areas or assist clients in assessing their internal controls and related fraud risk.

While our services are tailored to meet individual client needs, our core service offerings include:

Fraud Detection Services

• Detailed review of organization's books
• Review of bank records
• Personnel interviews and general observation
• Copies of fraud documentations provided in a format that allows filing of insurance claims

• Assessment of internal controls
• Operational review
• Risk assessment
• Fraud awareness training
• "Red flag" review