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Do You Suspect Fraud?

April 10, 2018 by OSYB Staff

As a business owner, you have a lot on your plate and there are a few situations that you hope you do not have to include in your repertoire of business experiences.  But if you suspect fraud of any kind, you should deal with it professionally, quickly and efficiently.  Tracy Coenen, Fraud Files Forensic Accounting shares a few important areas that a fraud investigator should definitely look into:

  1. What happened?
  2. Evidence
  3. Who are the suspects?
  4. Are outside parties involved?
  5. Key players
  6. Who knows about the suspected fraud?
  7. Level of secrecy
  8. Data and documentation
  9. What kind of investigation has already occured?
  10. What are the goals of the investigation

The level of investigation is dependent upon what is suspected and is unique to each situation.  As a business owner, you should be aware of the areas that a fraud examiner will be researching and you as a business owner should be prepared to answer some of these questions.

For detailed information:  Questions to Ask at the Start of a Fraud Investigation

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