Anti-Fraud Services
Fraud Prevention Consulting
The key to controlling fraud and abuse is to prevent it. Zack, P.C. specializes in analyzing an entity's preventive and detective controls relating to fraud. In addition to analyzing financial controls over procurement, disbursements, revenue, cash receipts, payroll, expense reporting, and other financial cycles, we closely examine other functions that are critical to safeguarding any organization from fraud, including:
- Human resources (all functions from hiring through termination)
- Information technology
- Physical security
- Whistleblower systems
- Record retention and safeguarding practices
- Protection of intangible assets (your customer list, proprietary information, etc)
- Financial statement preparation and review
- Management oversight
- Board oversight and audit committee functions
- Ethics policies and practices
- Fraud risk management (does your organization even do this?)
Each of these functions, and several others, play an important role in protecting your organization from fraud. Zack, P.C. will optimize these functions for fraud protection.
Internal Control Reviews
In addition to the preceding aspects of fraud protection, well-designed internal controls should maximize an organization's operational efficiency. Zack, P.C. can analyze your organization's processes, identifying ways to make you more efficient. Included in this category of service is our policy and procedure documentation service, in which we review your current documentation of policies and procedures and modify them where necessary to clearly articulate accurate and efficient practices and sound internal controls.
Fraud Awareness and Prevention Training
Another key to preventing and detecting fraud and abuse in the workplace is to properly educate all personnel at all levels of the organization on their individual roles and responsibilities regarding fraud. This training must go beyond simple training on your code of conduct to provide practical guidance on how to identify fraud risks, red flags of fraud, and follow-up responsibilities.
Forensic Accounting
We truly hope you never need this service. But, the fact of the matter is that most organizations at some point become victims of workplace fraud. Zack, P.C. can provide expert forensic accounting services in such a case, determining exactly what happened, who perpetrated the fraud, what the total damages were, and in many cases, what the perpetrator has done with the stolen funds. We utilize a variety of advanced software applications to extract and analyze data, as well as to recover lost or damaged data, in order to maximize our efficiency and our ability to determine the extent to which your organization has been victimized by dishonest employees, contractors, vendors, customers, or competitors.
Fraud Examinations
While forensic accounting can dig into the details to determine the nature and amount of a fraud, sometimes this is only part of what is necessary to build a successful case. Our fraud examination services include suspect and witness interviewing, surveillance, case management, working with attorneys, settlement negotiations, expert witness report writing, and even in-court expert witness testimony.
