financial fraud and forensic solutions
TRANSCRIPT
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Financial Fraud & Forensic Solutions
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Have you recently discovered that your most trusted employee or business partner has been stealing from you?
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Do you have an action plan or a way to prevent it from happening to you again?
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GPS understands that you have experienced much more than just financial losses.
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You are also emotionally drained…
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Lacking confidence in your financial and operational data…
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And even worse, you’re concerned of losing your customers’ and vendors’ confidence.
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Don’t be a victim. And certainly don’t be a victim twice.
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Preventing, detecting, and deterring fraud is challenging.
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Dealing with the losses and aftermath is far more time consuming and emotionally draining.
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Contact an expert you can trust.
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According to the ACFE’s 2010 Report to the Nation:
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Survey participants estimated that the typical organization loses 5% of its annual revenues to fraud
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Small businesses suffer disproportionately high occupational fraud losses with a median loss of $155,000
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Initial Detection of Fraud in Small Businesses:
33.3% by tips
15.3% by management review
12.1% by accident
9.2% by account reconciliation
8.2% by internal audit
7.9% by document examination
7.1% by external audit
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What have you been doing to prevent & detect fraud in your business?
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Do you have an anonymous hotline for reporting fraud?
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Do you have effective management review processes in place?
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Do you perform account reconciliations at least monthly?
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Do you have an effective internal audit function?
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Do you thoroughly review your bank statements at least monthly?
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Do you examine the supporting documentation for your transactions?
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If you answered “no” to any of these questions, contact GPS to assist you with mitigating your risk of fraud.