Services involving fraud can either involve the investigation of fraud if fraud is either suspected or is known to have occurred, or, the deterrence of fraud before it has a chance to happen.

Fraud Examination:

What is Fraud?

Fraud can take on many forms, such as:

:: Stealing money or merchandise
:: Taking kickbacks or bribes from suppliers or customers
:: Providing false financial information on the company to    government, creditors, or investors
:: Cheating on expense accounts
:: Claiming overtime when it is not due
:: Payroll Schemes
:: Billing Schemes
:: Check Tampering

According to the “Association of Certified Fraud Examiners’ 2004 Report to the Nation on Occupational Fraud and Abuse”, it is estimated that the typical U.S. organization loses 6% of its annual revenues to fraud. This translates to in excess of $660 billion dollars of loss on an annual basis. The financial consequences of any fraud have a major impact on organizations’ profitability, regardless of industry, regardless of size. In fact, research indicates that the most costly abuses occurred in companies with less than 100 employees.

Ms. Kasmir has in excess of eleven years of direct experience in investigating fraud schemes, and in excess of twenty five years as a Certified Public Accountant. As a Certified Fraud Examiner (CFE), she is viewed as an expert in preventing, detecting, and deterring fraud. CFEs represent the highest standards held by the Association of Certified Fraud Examiners and possess expertise in all aspects of the anti-fraud profession.

If it is known, or it is suspected that a fraud has occurred, FLA Consultants can provide the following services:

:: Evaluation of internal control systems for fraud detection
:: Analyzing complex financial transactions
:: Interviewing Personnel and Witnesses
:: Asset Searches
:: Determination of Economic Damage Calculation
:: Provide expert testimony to recover assets and prosecute wrongdoers



Fraud Deterrence:


It is preferable to establish a fraud deterrence plan within the organization to deter fraud before it occurs. By doing so, the economic loss of the potential fraud can be either eliminated or mitigated. FLA Consultants is specifically trained to understand the Fraud Triangle, that is, the relationship between the motivation to commit the fraud, the opportunity to commit the fraud, and the rationale of justifying the fraud. Fraud deterrence specifically targets the opportunity to commit the fraud, and closes the gap between internal control “best practice” and actual practice of the organization.

Ms. Kasmir also holds the highly coveted designation of Certified Fraud Deterrence Analyst as awarded by the National Association of Certified Valuation Analysts. In fact, Ms. Kasmir was one of the first individuals nationally to gain this designation. A CFD is specifically trained in the technique of fraud detection and prevention. These professionals help business stem the tide of employee fraud and reduce the organization’s overall susceptibility to various other forms of fraud and criminal theft. Pro-active techniques are employed which include:

:: Strengthening internal controls to reduce the risk of fraud
:: Assist in hiring of key personnel, including performing background checks
:: Periodic monitoring of financial information
:: Developing corporate compliance and fraud prevention programs
:: Installation of fraud “hotlines” to report fraud by anonymous tip

Ms. Kasmir earns one of the industry's FIRST designations as a Certified Forensic Financial Analyst with a specialization in fraud deterrence, making her one of the most qualified Expert Witnesses.

Additional information on these techniques and the benefits of consulting with a CFD can be found in the brochure “Qualified Fraud Deterrence Services”.

To discuss fraud examination or fraud deterrence services, please call Ms. Kasmir, President, at 407-767-7223 EXT 300, or email at  Gail@FLAConsultants.com.