Baker Tilly Releases Top Tips for Recognizing Fraud

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The typical organization loses an estimated 5% of its revenues to fraud each year, according to the Association of Certified Fraud Examiners' 2012 Report to the Nations.

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No one intentionally makes it easy for an employee to commit fraud in their organization. Separating financial duties, as described...is important in making it difficult for employees to embezzle.

The typical organization loses an estimated 5% of its revenues to fraud each year according to the Association of Certified Fraud Examiners’ 2012 Report to the Nations.

Baker Tilly Virchow Krause, LLP (Baker Tilly) has published an educational article, Top Tips for Recognizing Fraud, to help executives identify behavioral warning signs and take steps to prevent the opportunity for employees to steal from the organization.

“No one intentionally makes it easy for an employee to commit fraud in their organization,” said Christine Anderson, CPA, CITP, Managing Partner - Assurance, and Financial Services Industry Leader at Baker Tilly. “Separating financial duties, as described in this article, is important in making it difficult for employees to embezzle.”

Top Tips for Recognizing Fraud is available on the Baker Tilly website and includes information on the following:

  • Four real-life fraud examples,
  • The behavioral warning signs that should have attracted attention, and
  • Tips for preventing this type of fraud in the future.

About Baker Tilly
With more than 1,400 employees, Baker Tilly provides a wide range of accounting, tax, and advisory services. Ranked as one of the top 20 largest firms in the country*, Baker Tilly serves clients from offices in Chicago, Detroit, Minneapolis, New York, Washington DC, and throughout Wisconsin.

Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 125 countries, with more than 24,000 professionals. The combined worldwide revenue of independent member firms exceeds $3 billion.

*According to the 2012 Accounting Today "Top 100 Firms."

SPECIAL INSTRUCTIONS FOR ALL MINNESOTA MEDIA OUTLETS ONLY:
All company references to Baker Tilly in this press release must be listed as Baker Tilly Virchow Krause, LLP. No shortened version of the company name is permitted.

All references to Baker Tilly International do not require modification.

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Michol Banes
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