A median estimate is that fraud costs organizations 5% of revenues annually. Applied to the 2021 estimated Gross World Product it is a potential loss of up to 4.7 trillion dollars worldwide.
More Fraud Facts... The highest median loss of $150,000 was suffered by organizations with the fewest number of employees. (Source for the above: Association of Certified Fraud Examiners, OCCUPATIONAL FRAUD 2022: A REPORT TO THE NATIONS)
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: