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HOW WILL YOU PROTECT YOUR BUSINESS FROM FRAUD?
The Facts on Fraud
In 2020, there were over 800.000 charges of theft and fraud laid in Canada! Yet Fraud expert and Author of 'Fraud 101', Howard Davia believes that 80% of frauds go undiscovered. That means over 4 million businesses a year are being defrauded in Canada. When fraud is detected, the average theft recovery is just 20%, with over 50% of all victimized companies recovering nothing at all.
Smaller Companies are at Far Greater Risk
Smaller companies have an average loss double that of larger firms. In smaller businesses, controls are fewer, while trust in key employees is greater.
Preventing Fraud
For financial controls to be effective against fraud, they must be strengthened by customizing them to your specific/unique business. Over 95% of frauds occur because your company's vulnerable controls presented an OPPORTUNITY to the culprit to take your financial assets. By slamming the door on this opportunity, we slam the door on fraud.
Free Consultation
Contact us today for a free consultation to discuss your company's specific concerns.