Internal Fraud Investigations
Generally, internal investigations are necessary if fraud is suspected. In order to protect company assets, the business may be required to investigate the causes of unusual loss, suspected embezzlement, or defalcation.
Innovative Fraud Solutions provides complete support in preparing, conducting, and summarizing internal investigations. Our staff has over 30 years of combined experience in effective interviewing techniques, appropriate legal handling of suspected employees, and documenting the interviews.
We conduct internal record reviews and workplace surveillance as a part of the internal investigation. A systems security audit is used to review cash management, bookkeeping procedures, inventory control processes, and hiring practices.
Computer Fraud
Technological advances and the vast use of computers in business have opened the door to computer fraud. Each year, the "Report to the Nation on Fraud" published by the Association of Fraud Examiners has reported an increase in computer fraud in all sizes of businesses.
Innovative Fraud Solutions staff is specifically trained and certified in information system auditing and data mining to uncover security problems and set up practices to control the use of information in the organization. State-of-the-art technology and software are used to review a company's systems and data.
Data Mining
The "Report to the Nation on Fraud" by the Association of Fraud Examiners concludes that data mining is an effective, yet underused tool in fraud detection and prevention. Even small and medium sized businesses may benefit from the sophisticated use of data to expose and prevent fraud.
We use the most up-to-date technology and software in assisting the business owner or systems administrator to mine for the important clues of fraud. Everything from procurement fraud, to travel expense scams can be uncovered or verified by the sophisticated interrogation of databases. Our experts are experienced in using database management systems such as Oracle, Access, FileMaker Pro, and others to organize and retrieve important information.