Fraud Prevention and Detection

At WDC & Associates our goal with each of our clients begins with fraud prevention. It has been proven over many years that if an OPPORTUNITY for fraud exists, if that employee has a financial NEED and if they can RATIONALIZE the fraud to themselves, fraudulent activity will likely occur. That’s known as the fraud triangle. 

Your only defense is to minimize the opportunities by reducing weaknesses in your accounting systems, policies and procedures. When it comes to fraudulent activity in your company, the cost of loss and remediation may well exceed the expense you would incur for preventive measures.

According to the Association of Certified Fraud Examiners (ACFE), “U.S. organizations lose an estimated 7 percent of annual revenues to fraud.” 

How vulnerable is your company to fraud? Do you have adequate controls in place to prevent the occurrence of fraud? 

Our professionals use established forensic investigation methods including interviews, in-depth financial analysis, records review and research to identify any red flags. Additionally, our professionals are trained in assessing the risk of fraud, designing controls to prevent or deter fraud, and monitoring compliance once the fraud controls and policies are in place.

WDC & Associates Forensic Services professionals are ready to help you by conducting fraud assessments, prevention and risk management services, as well as fraud investigations when appropriate. Our team is comprised of credentialed professionals who hold various designations, such as Certified Public Accountant (CPA), Certified in Financial Forensics (CFF), and Accredited in Business Valuations (ABV). We are skilled and experienced in responding quickly and confidentially to allegations of fraud, white-collar crime, waste and abuse.

Ideally, your company has controls designed to prevent fraud from occurring, and these controls have been assessed for effectiveness. Should you be impacted by fraudulent activities, however, our professionals are experienced in investigating fraud: responding to your incident quickly; resolving the cause by strengthening controls and assisting you with putting a fraud compliance program in place.