Serving Businesses
in the Dallas/Ft. Worth Metroplex

Fraud Prevention, Investigation, and Litigation Support Services

fraud prevention services dallasAccording to a recent survey by the Association of Certified Fraud Examiners (ACFE), a typical business loses 5% of its revenue every year due to fraud. The average loss sits at approximately $145 thousand; and over 20% of those surveyed saw losses of $1 million or more. The smallest businesses tend to have disproportionately larger losses, with the likelihood of recovering some or all of the funds very low. Unfortunately, this could be happening in your business right now or possibly sometime in the future.

At GPP, we understand the risks that come with running a successful business. Our team, comprised of CPAs and led by a Certified Fraud Examiner (CFE), has the knowledge base and years of experience in a wide variety of areas and industries. We know the important questions to ask when setting up a system of internal controls to mitigate fraud risk or we can be called in to investigate and gather evidence to help determine whether fraud has occurred.

Our professionals are trained to work on complex financial investigations, expose potential financial statement fraud, kickbacks, embezzlement, money laundering, or employee theft. Our fraud and forensic team leader spent 15 years in large and small privately-owned companies where he personally uncovered millions of dollars of funds embezzled from investors, and a $100 thousand theft of rebate checks by an employee. His experience also includes the investigating of fraudulent billings, fabricated vendors, asset theft, counterfeit checks, “ghost” employees and false expense reports.

Fraud Prevention

Fraud risk generally occurs when Opportunity, Motivation and Rationalization come together (the “Fraud Triangle”). While you cannot control someone’s day-to-day motivation or rationalizations, you can take steps to mitigate the opportunity portion of the Fraud Triangle through properly designed systems of internal controls that incorporate both preventative and detective systems.

The lack of effective internal controls puts your company at financial risk. Developing, implementing and monitoring a fraud prevention and detection system is a company’s best defense against abuse. Although no internal control structure is invincible, an effective system still provides the best defense against fraud vulnerabilities in your organization. Those companies with effective internal controls are able to both deter and detect irregularities more quickly, thus resulting in less costly losses.
Our fraud prevention services include:

  • Assisting management with its risk identification and assessment (what could go wrong)
  • Assisting management in developing and documenting an internal control structure to address the identified risks
  • Assisting management with establishing an ongoing maintenance and monitoring process for the control structure
  • Assisting management with fraud awareness training

Investigation

Even with strong internal controls in place, fraud can happen. Our professional team at GPP can be called on to help determine whether fraud has been committed, how it occurred, and identify the party or parties involved. Our team has the investigative resourcefulness, analytical skills, financial knowledge, and depth of experience to get to the bottom of the issue. Investigations can cover a wide range of activities such as fraud by a vendor or customer, misconduct by management, misrepresentation on financial statements, and embezzlement by employees.
We offer the following types of investigation services:

  • Investigation of abuses such as employee theft, expense account abuse, fake vendors, falsification of records, missing inventory, “ghost” employees
  • Investigation of irregularities of financial reporting
  • Reconstruction of records
  • Examination of records
  • Investigation of company asset theft
  • Analysis of transaction flows
  • Examination of unreported income and assets
  • Investigation of purchasing fraud and kickback schemes

Litigation Support

When you are involved in litigation, you want to make sure you have a knowledgeable, experienced, and trusted team on your side. Whether it involves fraud or cases of disagreements between shareholders, spouses, employees, or other complex matters, our firm has experience in working with attorneys helping them build a case and providing expert testimony and support. Our professionals have the expertise in finance, accounting, audit, and tax that give attorneys and clients confidence when they walk into the courtroom.
Our litigation support services include:

  • Quantification of economic impact
  • Litigation support, such as discovery, analysis of data, formulation of interrogatories
  • Expert testimony
  • Discovery assistance
  • Post-acquisition disputes
  • Assistance with difficult or complex accounting matters
  • Tax controversies
  • Valuation
  • Divorce dispute resolution support
  • Asset tracing
  • Shareholder/Partner disputes over financial matters
  • Reconstruction of accounting records

For more information about our fraud prevention, investigation, and litigation support services, please contact Jerry Murray at 214.635.2519.