FACT FINDER FORENSICS INC.
Corporate Fraud Prevention Training
Comprehensive solutions for attorneys and legal teams, offering reliable support that increases your cost and time efficiency.
Empower Your Team, Safeguard Your Business
Fraud is an evolving threat, and staying ahead requires continuous education. Our Corporate Fraud Prevention Training Subscription is your comprehensive solution, offering continuous learning, strategic tools, and updates to fortify your organization against the risks of corporate fraud.
Implementing this type of training serves as a testament to the company's commitment to ethical business practices, which can greatly enhance its reputation among stakeholders and customers.
Ethical Commitment and Organizational Culture
Implementing anti-fraud training demonstrates a commitment to ethical business practices, elevating the company's reputation. It fosters a culture of integrity and transparency, boosting employee morale and productivity. By nurturing an environment where employees feel part of an honest and trustworthy entity, the program contributes to long-term organizational success.
Beyond its internal benefits, a well-structured anti-fraud training program aligns with regulatory requirements, particularly in industries mandating regular fraud prevention training. Adherence to these regulations not only ensures legal compliance but also shields the company from potential fines and penalties, preserving its financial stability.
Conducting a survey to assess fraud risks,
Creating a fraud policy decision maker matrix,
Developing an anti-fraud policy,
Designing a compliance questionnaire for employees and management,
Establishing a code of business ethics and conduct,
Training and certifying new hires on the code of conduct and anti-fraud policy,
Providing three annual fraud prevention trainings, one for all staff, one for management, and one for non-management level employees, and awarding a certificate upon successful completion of the training.
Additionally, subscribers will receive regular updates to stay informed about the latest developments in fraud prevention.
Continue ReadingAnd in 1930, the legendary Frank Wilson, the financial superhero who brought down the notorious gangster Al Capone. Despite being a niche subject, forensic accounting has never been more exciting! With Frank Wilson at the helm, justice was finally served to a criminal mastermind who had evaded punishment for years by bribing officials and threatening witnesses. Frank Wilson, who worked with tax authorities, was assigned to a task force that was responsible for investigating the business dealings of Al Capone and finding evidence of tax evasion. As a member of the task force assigned to investigate Al Capone's business dealings, Wilson meticulously reviewed countless documents and traced payments that had gone unreported as income. Thanks to his unwavering dedication and expertise in forensic accounting, Capone was finally brought to justice and sentenced to 11 years in prison. Today, we honor Frank Wilson and his invaluable contributions to the field of forensic accounting. Some experts attribute the beginning of this field to the groundbreaking 1934 publication Principles of Criminology, coauthored by the esteemed Donald Cressey and Edwin Southland. This authoritative text introduced the world to the Fraud Triangle, a powerful framework that guides the work of auditors and forensic investigators to this day. By understanding the key factors of incentive, opportunity, and rationalization, these professionals are able to uncover even the most complex cases of fraud. With the evolution of accounting rules and financial complexities in the late 20th century, the demand for forensic accountants has significantly increased. This trend was further fueled by the discovery of high-profile accounting scandals, such as Enron in 2001. The eventual bankruptcy of Enron and the collapse of its auditor, Arthur Andersen, served as a wake-up call for the industry. Subsequently, other accounting scandals emerged, further highlighting the need for forensic accountants to ensure financial transparency and accountability. The collapse of Enron resulted in the introduction of new legislation and regulations worldwide, leading to a rise in financial reporting obligations for publicly traded corporations and a heightened emphasis on transparency. In recent years, Forensic Accounting has emerged as a distinct field with its own subfields and specialties. Previously, activities such as valuation or business appraisal were considered part of the CPA profession. However, they have now been integrated into the realm of Forensic Accounting. Similarly, damage calculation, which was once the domain of academic researchers and theorists, has now become a well-established discipline within the field. The primary distinction lies in the versatility of forensic accounting, as it can be effectively employed across a wide range of applications. In the context of fraud investigations, forensic accountants generate data that is utilized by investigators to identify patterns of behavior that either corroborate or refute allegations of impropriety. A forensic accountant is a highly skilled professional who specializes in the meticulous analysis of financial records. Their expertise in accounting, auditing, and investigative techniques enables them to provide invaluable assistance in complex financial matters, as well as to uncover financial irregularities and provide evidence for criminal and civil legal proceedings. In addition, forensic accountants are often called upon to provide expert testimony in court, further highlighting the critical role they play in the legal system. A fraud investigator is a highly skilled professional who specializes in the investigation of fraud and other financial crimes. Utilizing their extensive knowledge of investigative techniques, they are able to uncover evidence of financial wrongdoing. In addition to traditional investigative methods, they may also employ advanced techniques such as computer forensics and surveillance to uncover evidence of fraud.
This subscription package is an invaluable investment towards strengthening the integrity of your business operations and fostering a culture of transparency and accountability. Equip your team with the skills to safeguard your organization against the damaging impacts of corporate fraud.
What our Clients Say About Us:
"Fact Finder proves to be an invaluable asset for attorneys. As a legal representative who regularly handles Department of Labor audits, I have come to rely on the expertise of Fact Finder Professionals. Their knowledge of the law is extensive, and they have established relationships with the Department of Labor. Whether they conduct their own audits or review the DOL's findings, Fact Finder has consistently saved my clients substantial sums of money. I highly recommend Fact Finder for any similar audit situations."
Christina Reger, Esq
The Reasons Why Outsourcing Corporate Fraud Prevention Training Makes Sense
Access to Expertise
Outsourcing fraud prevention training allows companies to tap into a pool of experts who have specialized knowledge and skills in the field. These professionals are up to date with the latest fraud prevention techniques, regulations, and technologies.
Outsourcing providers can easily scale up or down the level of services as per the company's requirements. This flexibility is particularly useful for businesses that experience seasonal or cyclical demand.
Outsourcing firms can provide tailored training programs that address the specific needs and risks of a company. This ensures more effective and relevant training compared to generic, off-the-shelf programs.
It can be expensive to develop and maintain an in-house team for fraud prevention training. Outsourcing eliminates the need for recruitment, training, and retaining of staff, thus reducing costs.
Fraud prevention methods and techniques constantly evolve. Outsourcing providers continually update their knowledge and skills to stay ahead of fraudsters. This ensures that the company's staff is always trained on the latest fraud prevention methods.
Outsourced fraud prevention training ensures alignment with current regulations, reducing the risk of non-compliance penalties. Providers offer documented training completion evidence, vital for showcasing regulatory adherence to auditors. This approach equips staff with essential fraud prevention skills, safeguarding the company's reputation and financial stability.
Focus on Core Business
Outsourcing allows a company to focus on its core business functions, while the training provider focuses on the fraud prevention training. This improves efficiency and productivity.
Professional outsourcing firms have stringent security measures in place to protect sensitive company information. This reduces the risk of data breaches and ensures compliance with data protection regulations.
Fraud Prevention Resources
Forensic Accountants at Fact Finder Forensics are Certified Fraud Examiners and are leading experts in Fraud Prevention Programs in Philadelphia, as well as nationwide. Here, you will find some of the resources we've put together to educate our clients of ways to prevent, as well as to recognize signs of fraud.