Trained Harrisburg Accountants Conduct Reliable Fraud Risk Assessments

Trustworthy analysis protects your company from unnecessary losses

Legend has it that a member of the press once asked Willie Sutton why he robbed banks, and the outlaw replied, “Because that’s where the money is.” Not much has changed since then; criminals are still opportunists looking for rich targets. When a rich target is also a soft touch, the opportunity is irresistible. But, have you ever considered what your company looks like to an unscrupulous opportunist? Are there lapses in your money management, your procurement processes and your reimbursement plan that are just too tempting? At Breon & Associates, we have decades of experience in forensic accounting. Based on our experience, we can flatly state that too many companies incentivize fraud because their controls are too loose. The result is a steady leak in revenues that undermines profit and increases overall risk. Your receipts might indicate steady growth, but you might still operate in constant jeopardy because you haven’t solved your internal fraud issues. Fortunately, we can help with a broad range of anti-fraud services that enhance your security and protect your bottom line.

Wide range of accounting services uncovers and discourages fraud

At the risk of sounding overly cynical, fraud will happen if you let it. That realization means you must be vigilant. Unfortunately, too many companies don’t know how to protect themselves against fraud or respond to suspicions of fraud. But Breon & Associates has extensive knowledge and experience in this area and can help you protect your company.

For example, if you have money coming in, but can’t pay your bills, where has the money gone? We can assist you with a combination of forensic accounting and auditing services, including Fraudseeker, our unique tool that leverages predictive analytics to pinpoint potential sources of fraud. As a result, you will:

• Gain a better understanding of your organization and your employees
• Discern the areas of your business that have value and are vulnerable to attack
• Isolate red flags that are markers for fraud
• Determine if evidence of wrongdoing is sufficient for further steps

We provide a complete report on our findings and help you improve controls over your company’s processes to prevent future occurrences. We should note that not every forensic audit reveals fraud. Often, we find sloppy practices and human error, but by correcting these issues, you gain greater control and create a disincentive for future fraud.

Fraud prevention: the gift that keeps on giving

It is a good business practice to prevent fraud. Since fraud can occur throughout many levels of your organization, you must have a multi-faceted fraud prevention plan, the key components of which may include:

• Creating an anti-fraud corporate culture that includes specific policies and training
• Hiring and promoting the appropriate employees
• Implementing internal controls that guard against fraud
• Monitoring of transactions and other key performance indicators
• Opening lines of communication for employees with concerns, e.g. whistleblowers

The issue of culture cannot be understated. If fraud is occurring, management may be in the dark, but your rank and file employees are likely to know about it. Can you imagine the negative impact on morale when a few unscrupulous employees are enriching themselves at company expense while your loyal employees labor for their honest wages? Instead of putting the onus on your loyal employees to come forward and inform on their coworkers, don’t you owe it to them to take affirmative steps to eliminate the problem? Isn’t that the role of leadership?

By working with the professionals at Breon & Associates, you can create effective anti-fraud programs that improve company efficiencies and morale. You can detect ongoing fraud, strengthen your corporate culture, and deter future wrongdoing to reduce your risk.