Brown Smith Wallace LLC

Fraud & Forensic Eight Step Process

1) Determine what your management knows and what they have uncovered
2) Quarantine the equipment
3) Engage an attorney and put the suspect(s) on leave of absence
4) Determine the nature of the fraud
5) Determine how much historical investigation is required
6) Investigate receipts, payroll, inventory, vendors and anything suspicious
7) Prepare a report to be presented to your management team
8) Implement the recommendations

For more information regarding our fraud detection process, please contact Ted Flom, CPA, CISA, CIA, at 314.98.1294, tflom@bswllc.com or Tony Munns, CISA, CIRM, CPIM, at 314.983.1297, tmunns@bswllc.com.