Fraud Prevention Services

The ever-changing regulatory landscape in the United States presents tough challenges and, frequently, new opportunities for fraudulent conduct. In the wake of far-reaching legislation, like Sarbanes-Oxley and Dodd-Frank, management’s responsibility for fraud risk management has increased significantly.

The result of these stringent regulations is a corporate environment in which boards and management are required to function more transparently and efficiently than ever before.

FVL’s Fraud Prevention Services practice helps businesses and their boards improve processes and decrease exposure to risk. Our experts include Certified Public Accountants and Certified Fraud Examiners with the specialized knowledge needed to identify the areas of your organization that are most at risk for fraud and develop programs to prevent fraud from occurring.

Key elements of our Fraud Prevention Services:

As part of an organization’s governance structure, a fraud risk management program should be in place. The key elements for establishing an effective environment for managing an organization’s fraud risk should include the following:

  • Written fraud policy to convey the expectations of the board of directors and senior management.
  • Periodical risk exposure assessments to identify specific potential fraud schemes the organization needs to mitigate.
  • Application of specific controls or other fraud prevention techniques to mitigate the possible impact of fraud on the organization.
  • Establish detection techniques to identify fraud events should prevention measures fail.
  • A reporting process to solicit tips from employees regarding suspected fraud and an approach to investigating this input in a timely manner.

Our experts have worked with boards and business owners for organizations of all sizes, helping them to develop an efficient and appropriate fraud risk management program. We provide a number of fraud prevention services including, but not limited to, the following:

  • Performing structured fraud risk assessments tailored to your organization’s size, complexity, industry and goals
  • Developing written policies
  • Recommending internal control improvements
  • Providing fraud awareness training for employees
  • Assisting with establishment of an employee whistleblower program

Our Specialists

Robert Pagano
Richard Fischer

Richard Fischer