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How to Identify & Prevent Financial Statement & Other Corporate Frauds in Coral Gables, FL

Working for a successful corporate office, a supervisor that manages a few employees, or other such position, may bring you to notice that the department under your watch has unusually lower profits for the time frame. Though there does not seem to be any obvious cause to the profit loss, you may start to suspect the source. Despite the important factual information, one thing you may be feeling is that an employee or employees are committing fraud. Where telling your boss is a good place to start, having a corporate investigator, such as Advanced Private Investigator & Security of Miami FL, can find the information you and your company needs. Today, we would like to further elaborate on corporate fraud.

How Common are Corporate Frauds?

In this day and age, fraud is far more common than it should be, with the few ways society has to deal with the potential corporate fraud, you need an expert on your side. Around the world, companies lose an estimated 5% of their annual revenue to internal theft according reports. There are many groups such as the Society for Human Resource Management, that help to try reducing the amount of fraud and assist law-abiding citizens, like yourself for instance, and catch the fraudsters by publishing relevant articles. Unfortunately, these articles, though helpful, are not always enough. Every year, there are over a thousand cases of fraud investigations, and those are the ones that were detected.

Corporate Fraud Examples

When it comes to fraud, there are typically three primary categories; corruption, financial statement fraud, and asset misappropriations. By far the most common are the cash skimming and fraudulent disbursement, which means someone was payed for false/fraudulent reasons, and otherwise known as asset misappropriations. Though theft is the less costly on average, it still should be addressed as a serious problem. When narrowing the suspicions of who may be syphoning money, the first to look into are the ones working the financials, and the likely culprit is the person in relatively deep financial trouble or the individual living beyond their means. Requesting assistance from an experienced investigator, who takes corporate fraud seriously can help you put all the pieces together and collect the evidence required in court. This offers more support for not only the business, but the dutiful mangers when they suspect an employee is financial hurting the business.

Corporate Investigations in Greater Miami, Sunny Isles, Fort Lauderdale, Boca Raton & Miami Gardens Florida

Handled by corporate private investigators discreetly, the potential fraud behavior can be solved with problem solving skills, background checks, surveillance, intellectual property, and investigating other threats. With Advanced Private Investigator & Security of Miami, FL, we can ensure that our process minimizes risk and liability as we work closely with corporate investigations. Once we retrieve the facts, presuming corporate fraud is occurring, or any other foul play, you can have the peace of mind we dug deep and got all the information and evidence, so you have the legalities covered. Advanced Private Investigator & Security of Miami FL will be with you every step of the way, providing investigative work and constant communication. Call us today if you suspect internal corporate fraud and we will help you uncover the truth.

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