A median estimate is that fraud costs organizations 5% of revenues annually. Applied to the 2017 estimated Gross World Product it is a potential loss of up to 4 trillion dollars worldwide.
More Fraud Facts…The median loss suffered by small organizations (those fewer than 100 employees) was nearly twice that incurred by larger organizations (those with greater than 100 employees). Note: Median losses of $200,000 were suffered by organizations with less than 100 employees. (Source for the above: ACFEsm 2018 Report to the Nations on Occupational Fraud and Abuse)
Rich, Wightman & Company CPAs has created a “Fraud Unit.” Our Fraud Unit consists of an experienced team of CPAs specifically trained in fraud with CFE and CFF designations. Certified Fraud Examiners and Forensic Accountants are dedicated to assisting business owners, attorneys and law enforcement in the detection, prevention and investigation of Fraud. A critical component of the “Fraud Unit” is our telephone and web-based “Report Fraud Hotline.” WWW.NO2FRAUDHOTLINE.COM
FRAUD PREVENTION TOOLS AVAILABLE TO BUSINESS OWNERS:
Rich, Wightman & Company CPAs provides a Fraud Diagnostic Program specifically developed to:
With over 30 years experience, we have assembled a prominent team that has testified as expert witnesses and prepared expert reports for numerous fraud and forensic litigation cases.
Our highly trained “Fraud Unit” is experienced and available to assist you with: