Research conducted by the Association of Certified Fraud Examiners (ACFE) indicates that organizations employing Certified Fraud Examiners (CFEs) detect fraudulent activities 50 percent faster and experience losses reduced by 55 percent.
The statement above from the fraud examination body highlights the significance for organizations to either hire a fraud examiner (a potentially costly method) or outsource fraud examination to experts (a more cost-effective approach). This proactive strategy is crucial for preventing losses and safeguarding against projected losses due to fraud.
At JASM Accounting, our team of Certified Fraud Examiners (CFEs) offers Fraud Examination services with the primary goal of detecting fraud in its early stages. We employ rigorous examination procedures designed to identify weaknesses in an entity's fraud prevention controls and recommend best practices to mitigate risks and prevent exploitation by fraudsters, whether from within or outside the organization. Our experts thoroughly assess the operational, policy, procedural, and practice frameworks of our clients, identifying potential opportunities for fraudulent activity, and provide tailored, cost-effective solutions to address these vulnerabilities.
