Fraud & Forensic Accounting
According to the Association of Certified Fraud Examiners’ (ACFE) 2012 Report to the Nations on Occupational Fraud & Abuse, organizations lose an estimated five percent of their annual revenues to fraud. For organizations lacking appropriate safeguards, the losses tend to be much more significant. The median loss caused by occupational fraud in the ACFE’s study was $140,000, and more than 20% of the frauds involved losses of at least $1 million. On average, frauds lasted 18 months before being detected.
These findings make it easy to see why more and more organizations are taking steps to protect themselves from occupational fraud. Occupational fraud is defined as any scheme in which an employee abuses the trust placed in him or her by an employer for personal gain. It is a pervasive threat to all organizations with employees in a position of trust, and it involves all types of abuse from theft to corruption to financial statement fraud. Our fraud examiners are trained to help you identify your organization’s most significant fraud risks and to establish controls that will effectively minimize those risks. If you suspect an employee may be defrauding your organization, our specialists are prepared to work with you, step by step, through the process of an investigation or forensic audit. Contact one of our professionals today to find out how McGregor & Company, LLP can be a part of your organization’s fraud solution by offering fraud and forensic accounting.
For Every Financial Need
How We Can Help
From planning to preparing and filing, we assist every step of the way. We ensure that our clients are compliant with all IRS regulations.
Depending upon the size and financial sophistication of your organization, outsourcing your business accounting services will save you time and money.
Audit & Assurance Services
We assist with assurance and reporting requirements placed upon many entities such as nonprofits, government agencies, and other organizations.
We help insure a bright and secure future for our clients and their families through Financial & Retirement Planning as well as Estate & Trust Planning.