Truth Behind Numbers

Certified Forensic Accounting Services

forensic accounting services

Statistics prove a typical organization loses five percent of its revenues to fraud each year.  Small businesses are the most susceptible to theft due to lack of effective internal controls.  Veriti Consulting’s team of CPAs, fraud examiners and certified forensic accountants have decades of experience investigating and analyzing suspicious financial activities. Using their technical skills and judgment, Veriti’s forensic CPA professionals analyze financial transactions, trace assets and interview possible perpetrators.

Veriti’s forensic accounting services group provides clients with assessments of areas of operational weakness, internal control deficiencies, and methods to prevent fraud or malfeasance. Our reports and analysis are often used in civil and criminal proceedings, by law enforcement, government agencies, and confidential investigations. Veriti Consulting’s forensic accounting firm is uniquely qualified to handle forensic accounting cases in matters involving:

  • Business fraud
  • Falsified documents
  • Asset misappropriation
  • Internal control review and recommendations
  • Accounting reconstruction
  • Compliance violations and accounting irregularities
  • Property infringement
  • Hidden assets
  • Business failure analysis
  • Vendor fraud
  • Ponzi schemes
  • Occupational fraud
  • Economic extortion and bribery

Veriti is a licensed private investigation and certified forensic accountant firm that uses various resources to perform statistical analysis, perform asset tracing, conduct witness interviews, and other specialized techniques critical to unravel simple and complex financial fraud. Veriti also provides consulting and forensic accounting expert witness services for litigated matters. If you suspect your business may benefit from forensic accounting services, contact Veriti , the masters in forensic accounting, at (855) 232-4410 to learn more.

Forensic Accounting FAQs

1) What is the average loss suffered by occupational fraud? 

According to the most recent Report to the Nations, the median loss caused by occupational fraud is $140,000; however, more than one-fifth of these cases resulted in losses of at least $1 million.

2)  How is occupational fraud detected? 

More than likely, it is detected by a tip from an employee of the victim organization.

3)  Who commits fraud?

According to the Association of Certified Fraud Examiners, fraud is committed by individuals who have a higher level of authority.  The majority of fraud was committed by those working in the accounting, purchasing or customer service departments, as well as those in sales and/or executive or upper management.

4) My company gets an outside forensic audit every year. Won’t this detect or help prevent fraud? 

External audits should not be relied upon as a primary fraud detection method. Per the Association of Certified Fraud Examiners, external audits only detected three percent of reported frauds.  Effective internal controls, anti-fraud training, and good ethical tones from management should be implemented to help prevent fraud from occurring.

5) What are typical traits for someone committing fraud?

While not true in every instance, our experience indicates various red flags are employees who are living beyond their means, employees refusing to take vacation, and those who exhibit excessive control issues in the workplace.

 

Contact certified forensic accounting firm
Veriti Consulting LLC at (855) 232-4410 or email us
to learn more about our forensic CPA services. 

 

Veriti Consulting LLC Office Locations

Scottsdale, Arizona
Las Vegas, Nevada
Charlotte, North Carolina

 

Phoenix, AZ

8111 E Thomas Rd #120
Scottsdale, Arizona 85251
Tel. (602) 229-1280
Fax (602) 229-1281

Flagstaff, AZ

111 East Aspen Avenue, # 27
Flagstaff, Arizona 86001
Tel. (928) 525-4960

Las Vegas, NV

1810 E Sahara Ave Suite 1-343
Las Vegas, NV 89104
Tel. (702) 289-4719

Charlotte, NC

409 East Blvd
Charlotte, NC 28203
Tel. (704) 537-1210

Connect with Veriti

Toll-Free: (855) 232-4410

Email: info@veriticonsulting.com

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