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Identifying Fraud in a Company

by | Aug 5, 2008 | Observations

PKF Texas has just launched a survey, www.pkftexas.com/fraudsurvey by our director of Internal Audit, Dan Ramey, CPA, CFE, which identifies a company’s potential for fraud. This survey can serve as a catalyst to begin a dialogue about the potential of fraud in an organization.

In addition to being a CPA, I am also a Certified Fraud Examiner (CFE). I think it’s important that companies identify the potential for fraud in their company. According to the latest Report to the Nation from the Association for Certified Fraud Examiners as much as 7% of top line revenue can be lost due to internal/occupational fraud.

Given the regulatory changes that have taken place, and more public awareness on improving internal controls and reducing fraud, do you feel your organization has made progress in improving internal control?  Or do you think little has changed since the increased oversight? 

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