It is estimated that fraud accounts for more than $400 billion in losses annually for U.S. businesses and governmental agencies. Fraud eats away at revenues at an average rate of six percent a year. That is why Vicenti, Lloyd & Stutzman's fraud prevention and detection programs are designed to aggressively fight fraud at every level of business activity. Don't let fraud eat away at your fund balance.
STAFF
Besides having over 40 CPAs on staff, VLS is fortunate to have three CFEs (Certified Fraud Examiners) and two CIAs (Certified Internal Auditors). These individuals are experts in fraud prevention and detection.
FRAUD PREVENTION
We assist clients by:
- Identifying high risk areas and ensuring proper internal controls are in place.
- Reviewing current fraud prevention methods, analyzing effectiveness, and making recommendations for improvement.
- Offering Fraud Alert, a fraud hotline for your business, administered by CFEs at VLS.
- Acting as your internal auditor, performing internal audit steps throughout the year.
- Training employees in fraud detection and prevention.
FRAUD DETECTION
Activities include:
- Performing lawful fraud examinations that involve reviewing documentation, interviewing witnesses and suspects, and gathering and assessing other evidence needed to resolve the allegations.
- Assisting attorneys and law enforcement in analyzing evidence.
- Providing expert witness testimony.
WHO TO CONTACT
Linda Saddlemire, CPA, CFE-Partner, lsaddlemire@vlsllp.com
Karin Heckman Nelson, CPA, CFE-Sr. Manager, knelson@vlsllp.com
Carroll King, CIA, CFE-Director, cking@vlsllp.com
Priscilla Flores, CPA, CIA-Manager, pflores@vlsllp.com
Full description of the Fraud Alert Hotline here.
