Fraud Examination and Fraud Risk Management

Our firm offers Certified Fraud Examiner (CFE) services to help businesses identify fraud risks, strengthen internal controls, and respond effectively to suspected misconduct. These services complement our existing accounting, tax, and consulting practice by bringing a fraud-focused lens to financial, operational, and governance matters.

We tailor engagements to the needs of your small business, nonprofit organization, professional practice, family-owned company, or growing organization that seeks fraud-focused expertise without building a full in-house fraud department.

Certified Fraud Examiner Services

Fraud risk is a growing concern. As fraud schemes become more sophisticated — including cyber-enabled fraud, vendor fraud, financial statement manipulation, payroll fraud, and AI-assisted scams — you’ll need practical, experienced guidance to protect your assets, reputation, and stakeholders.

As Certified Fraud Examiners, coupled with over 35 years as a CPA, the Andersen CPA Firm helps clients assess fraud risks, strengthen controls, investigate concerns, and build more resilient business practices. Our approach combines accounting expertise, investigative discipline, internal control knowledge, and business advisory experience.

Whether your organization is responding to a specific concern or strengthening its defenses, CFE services can provide an independent, practical perspective.

Identify where and how fraud could occur within your organization. A fraud risk assessment evaluates business processes, transaction cycles, internal controls, and areas of exposure so management can prioritize the most significant risks and take practical steps to reduce them.

Assess the design and effectiveness of controls intended to prevent or detect fraud. This includes reviewing processes such as cash receipts, disbursements, payroll, vendor management, expense reimbursements, financial reporting, and segregation of duties.

Help your organization reduce the likelihood of fraud before it occurs. Services may include strengthening policies and procedures, improving approval workflows, enhancing documentation practices, and establishing fraud prevention measures appropriate for the size and complexity of the business.

[Placeholder] Help your organization reduce the likelihood of fraud before it occurs. Services may include strengthening policies and procedures, improving approval workflows, enhancing documentation practices, and establishing fraud prevention measures appropriate for the size and complexity of the business.

Review accounting records, transactions, financial reports, and operational data for unusual activity or warning signs of fraud. This may include identifying duplicate payments, unusual vendor activity, unsupported expenses, irregular journal entries, abnormal trends, or other indicators requiring further review.

Provide professional assistance when fraud, theft, embezzlement, or financial misconduct is suspected. Services may include fact gathering, document review, transaction tracing, financial analysis, interview preparation support, and preparation of findings for management, counsel, insurers, or other stakeholders.

Evaluate suspected or potential theft of company assets, including cash, inventory, equipment, refunds, disbursements, or other resources. These reviews focus on identifying what occurred, how it occurred, the estimated financial impact, and what controls may help prevent recurrence.

Examine vendor relationships, purchasing activity, invoice processing, and outgoing payments for fraud risks. This includes reviewing for fictitious vendors, duplicate invoices, conflicts of interest, inflated billing, unauthorized payments, and weaknesses in approval procedures.

Analyze payroll records and employee-related transactions for signs of ghost employees, unauthorized compensation, falsified time records, expense abuse, or misuse of company resources. These services can help organizations detect losses and improve payroll-related controls.

Review financial records for potential manipulation, misclassification, unsupported adjustments, improper revenue recognition, concealed liabilities, or unusual journal entries. These services are useful when management, owners, lenders, or other stakeholders have concerns about the integrity of financial information.

Assist organizations in developing or improving a structured fraud risk management program. This may include fraud governance, risk assessment procedures, control activities, reporting channels, investigation protocols, monitoring activities, and management reporting.

Develop or update fraud-related policies and procedures, including codes of conduct, whistleblower procedures, fraud response plans, investigation protocols, approval policies, and documentation standards. Clear policies help establish accountability and provide a roadmap when concerns arise.

Andersen Assurance logo

Andersen Assurance is a Practice Area of the Andersen CPA Firm.