When thinking of fraud, most business owners consider well-publicized examples that have occurred on a grand scale. Although those headlines have become more commonplace, it is tempting to believe fraud is confined to elaborate schemes on large targets.
A recent study estimated that up to 30% of employees steal, and up to 60% would steal if they felt they could get away with it. Additionally, a U.S. Chamber of Commerce survey reported that one third of business bankruptcies occurred because of employee theft. It’s sobering that, oftentimes, the people we entrust the most to handle our business will commit fraud.
The reality is that businesses of all sizes and across all sectors – technology, banking, manufacturing, healthcare, public and private – all remain vulnerable to losses until requisite controls are in place. Most companies have neither the level of subject matter expertise now required to keep pace with the threat nor the trained staff to implement the protections necessary to prevent loss.
In the interest of ensuring our clients are informed and protected, Dabbs, Hickman, Hill & Cannon, LLP has spent decades cultivating the experience to be leaders in the field of forensic accounting. Since its inception, our practice has served in hundreds of forensic accounting engagements, which called for:
- Interviews and interrogations
- Determination of losses
- Court testimony
- Preparation of court exhibits
- Providing depositions
- Appearing as expert witnesses
To help our clients understand the importance and possibilities of prevention, Dabbs, Hickman, Hill & Cannon, LLP, assembled the area’s leading financial forensics consultancy offering best practices for fraud prevention, which includes accounting and information systems and the expertise to help businesses establish best in class infrastructure. Our extensive experience on the investigatory and judicial side of fraud positions us to offer the most insightful recommendations for your business.
Dabbs, Hickman, Hill & Cannon, LLP, is an accounting practice dedicated to delivering large firm experience in the context of smaller firm relationships. All of our clients receive unparalleled attention and expertise.