'Fraud happens regardless of the size of the company,' said Joe Freiburger, Director of SC&H Group’s Risk Management practice. 'That’s why organizations must address the issue or face possible financial losses and risk to their reputations.'
Baltimore, MD (PRWEB) April 24, 2014
SC&H Group, a leading audit, tax, and consulting firm, launched a new online assessment to help organizations identify signs of internal fraud and areas of vulnerability, as well as aid in building strong fraud response plans to minimize any current and future risks.
Hosted by SC&H Group, the Fraud Risk Assessment Decisionaire provides organizations with the insights needed to examine such areas as checks and balances, behaviors and procedures in their organization.
“Fraud happens regardless of the size of the company,” said Joe Freiburger, Director of SC&H Group’s Risk Management practice. “That’s why organizations must address the issue or face possible financial losses and risk to their reputations.”
The downturn in the economy has fueled opportunities for internal fraud to increase, and not all organizations have implemented the right controls needed to protect themselves.
According to the Association of Certified Fraud Examiners (ACFE) “Report to the Nations” survey, organizations lose 5 percent of their revenue each year to fraud.
Working with public and private organizations, SC&H Group’s Risk Management professionals take a tailored, detailed and practical approach to mitigating fraud and risk. The team leverages the breadth of SC&H Group’s organizational resources to provide guidance that will maximize business value through identifying key fraud areas.
To take SC&H Group’s simple online assessment, click here.
About SC&H Group
SC&H Group is an audit, tax, and consulting firm applying “expertise that works” to minimize risk and maximize value. SC&H Group’s practices advise leading companies from emerging businesses to the Fortune 500 on accounting, tax, profitability and strategy solutions. Clients in all states and worldwide benefit from SC&H Group’s commitment to delivering powerful minds, passionate teams, and proven results on each and every engagement. http://www.scandh.com