While most businesses would like to believe they are immune to fraud, the sad reality is that fraud is more common than you might think. Fraudulent acts cost businesses billions of dollars per year in damages. Whether it’s an intentional misrepresentation of financial statements or the theft or improper use of resources by senior management, employees, vendors or contractors, fraud can significantly impact the market value, reputation and livelihood of your business.
When fraud is suspected, deciding what to do next can be difficult. Piecing together what happened, determining the extent of the loss and gathering evidence to support your claim can seem like a daunting task. The team of professionals at our subsidiary, MFA Cornerstone Consulting, has deep knowledge of and extensive experience in financial and fraud investigations.
A thorough investigation of the matter at hand establishes the cause and extent of losses, and also determines how the fraudulent act occurred in the first place. At MFA, we go beyond just reporting the facts. We help our clients to fully understand the realities of the situation and work closely with management and their legal representatives to set appropriate expectations and select the best course of action, whether it’s a settlement with the relevant parties or criminal prosecution.
At MFA, we’re known for our proactive approach to fraud prevention. Businesses regularly seek us out for assistance in minimizing their risk of fraudulent activities through the development of effective fraud prevention and deterrence programs. Our team of professionals works closely with clients to identify areas of susceptibility within their current systems, processes and transactions. Additionally, we can assist in the development, review and refinement of our clients’ internal controls and oversight processes.
To learn more, download our Litigation Support brochure.