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Financial Fraud and Forensic Solutions

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Avoid employee fraud and embezzlement by establishing a fraud prevention plan, fraud detection plan, fraud deterrence plan, and a fraud investigation strategy.

Financial Fraud and Forensic Solutions

  1. 1.
  2. 2. Have you recently discovered that your most trusted employee or business partner has been stealing from you?<br />
  3. 3. Do you have an action plan or a way to prevent it from happening to you again?<br />
  4. 4. GPS understands that you have experienced much more than just financial losses.<br />
  5. 5. You are also emotionally drained…<br />
  6. 6. Lacking confidence in your financial and operational data…<br />
  7. 7. And even worse, you’re concerned of losing your customers’ and vendors’ confidence.<br />
  8. 8. Don’t be a victim. And certainly don’t be a victim twice.<br />
  9. 9. Preventing, detecting, and deterring fraud is challenging.<br />
  10. 10. Dealing with the losses and aftermath is far more time consuming and emotionally draining.<br />
  11. 11. Contact an expert you can trust.<br />
  12. 12. Contact GPS Consultants, LLC for a free initial consultation. cpeters@GPSconsultantsLLC.com(225) 578-7154<br />
  13. 13. According to the ACFE’s 2010 Report to the Nation:<br />
  14. 14. Survey participants estimated that the typical organization loses 5% of its annual revenues to fraud<br />
  15. 15. Small businesses suffer disproportionately high occupational fraud losses with a median loss of $155,000<br />
  16. 16. Initial Detection of Fraud in Small Businesses:<br />33.3% by tips<br />15.3% by management review<br />12.1% by accident<br />9.2% by account reconciliation<br />8.2% by internal audit<br />7.9% by document examination<br />7.1% by external audit<br />
  17. 17. What have you been doing to prevent & detect fraud in your business?<br />
  18. 18. Do you have an anonymous hotline for reporting fraud?<br />
  19. 19. Do you have effective management review processes in place?<br />
  20. 20. Do you perform account reconciliations at least monthly?<br />
  21. 21. Do you have an effective internal audit function?<br />
  22. 22. Do you thoroughly review your bank statements at least monthly?<br />
  23. 23. Do you examine the supporting documentation for your transactions?<br />
  24. 24. If you answered “no” to any of these questions, contact GPS to assist you with mitigating your risk of fraud.<br />
  25. 25. Contact GPS Consultants, LLC for a free initial consultation. cpeters@GPSconsultantsLLC.com<br />

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