Fraud Protection
Cash theft, write-off and return frauds, forcing account balances, debiting fictitious accounts, lapping schemes, skimming deposits, and deposits in transit are just a few of the many practices that are used by unscrupulous employees to steal from all types and sizes of businesses. Unfortunately, many small and medium-size businesses lack the internal controls that can prevent these losses.
Innovative Fraud Solutions has a global approach to fraud prevention that starts with advising companies on effective cash management, bookkeeping procedures, inventory control, and ongoing surveillance. Additionally, we provide ongoing scheduled internal reviews and audits to help assure a problem-free business environment.
Fraud Hotline
Part of our vision is to encourage our client's employees to report unethical or illegal behavior and to protect employees who raise these concerns. Innovative Fraud Solutions is committed to doing business with companies that commit to refrain from discrimination or retaliation against "whistleblowers" and reporters of illegal activities.
We provide a third-party employee hotline, which encourages employees to report illegal or unethical behavior. The hotline employees are highly trained and skilled at working with employees sharing confidential information. It is our policy never to identify an employee's identity to anyone.
Numerous studies suggest that employees want to work for an ethical organization that values honest and ethical business practices. Additionally, the use of the third-party hotline can be helpful with compliance of other federal and state requirements under discrimination and whistleblower statutes and regulations.