Corporate crises may be triggered by suspicions or actual incidents of fraud, theft, managerial improprieties, diversion of assets, or intentional financial reporting misstatements. Recent studies have found that U.S. companies lose an estimated 5-6% of their annual revenue as a result of fraud. This equated to approximately $650 billion in 2006. The larger cases of fraud tend to be committed by those in management and senior management positions.
AC Lordi has the experience to work with your management team to develop an ethical framework to help your organization identify significant fraud risks and implement measures to mitigate those risks.
We can help improve your processes that identify, deter, and detect fraudulent activities. This includes the documentation of the fraud control activities in place and an evaluation of their adequacy and operation in the prevention of fraud. We work with your organization to prepare a comprehensive scenario-based plan that provides recommendations to strengthen your fraud controls and help you meet key control objectives.
AC Lordi has the critical skills necessary to provide assistance in developing a plan which will:
- Identify areas of current and potential risk through assessment of fraud risk scenarios
- Detect control failures
- Recommend appropriate business controls
- Provide an approach for the testing and monitoring of fraud controls
Our investigation services can also assist you through potential business crises with the following:
- Internal and external corporate and financial investigations
- Due diligence and investigative intelligence
