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Protecting Your Company from Fraud and Misconduct

March 16, 2018

Protecting Your Company from Fraud and Misconduct

Synopsis
2 Minute Read

When incidents of fraud and misconduct occur, your next steps will be critical to protect your company, assure the confidence of stakeholders and customers and protect loyal staff.

National Leader, Forensics and Litigation Support
Insight
Fact Sheet

Protecting Your Company from Fraud and Misconduct

When incidents of fraud and misconduct occur, your next steps will be critical to protect your company, assure the confidence of stakeholders and customers and protect loyal staff. Trusted advisors can help you navigate the right decisions and processes to take and minimize your vulnerabilities by identifying the issues that haven’t yet been detected.

RISK: FACT:
Fraud and misconduct often lead to litigation as companies seek to recover losses or defend themselves from litigation brought on be terminated employees. How can you avoid legal sanctions? A professional, independent investigation can help you get the to the right outcome, through the right process and avoid legal sanctions.
An ethical breech has hit social media and customers, suppliers, regulators and employees are talking. Now what? Minimize reputational risk with an independent forensic investigation. Make a statement that your organization is committed to business ethics and accountability to all stakeholders.
Your staff have seen the negative publicity, noticed turnover and the breech of trust from a trusted colleague is impacting morale and productivity. Get the message out that you are committed to maintaining an ethical work environment and restore employees’ confidence by utilizing an independent investigation.
As fraud is designed to conceal its participants, scope and existence, the issues you are aware of are likely the tip of the iceberg. You might find yourself asking what else is concealed. Once an issue has come to light, it’s crucial that you act. An investigation can help you respond to the problems you know of and identify and address the unknowns.
Outside stakeholders are looking to you for an independent forensic investigation. You worry if your internal team – which may be short- staffed – can complete the audit. Outsource or co-source. An independent forensic investigation can assuage the fears of stakeholders and protect internal teams from criticism. A professional audit gives credibility to the process and the organization.

 

To find out how MNP can help, contact Lisa Majeau Gordon, CPA, CA-IFA, CFE, CFF, CICA, National Leader, Forensics, at 780.451.4406 or [email protected]

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