In its 2018 Report to the Nations, the Association of Certified Fraud Examiners compiled data from a study of 2,690 cases of occupational fraud and concluded the following:
The sad fact is that fraud is real. Too often, it is aided by poor internal controls, such as lack of segregation of duties, lack of oversight by management, and by putting too much trust in an individual who has the opportunity, motivation, and rationale to commit fraud.
Our forensic accounting practice utilizes the expertise of professionals who have obtained the Certified Fraud Examiner (CFE) designation from the Association of Certified Fraud Examiners (ACFE) and are also Certified Public Accountants (CPAs) with the American Institute of Certified Public Accountants (AICPA). If you suspect a financial fraud has been committed, we have experience in detecting, quantifying, and reporting on fraudulent activity within organizations and we can work directly with you and/or your attorney to ensure an effective investigation is conducted.
We also work with organizations to help develop internal controls to help prevent fraud. Although no system of internal controls can provide absolute safeguards against irregular activities, we can help you put in place the practices, policies, and procedures to minimize the chance of a financial fraud in your organization.
The forensic services provided by Bowman include: