Jim Martin
Private Companies & Fraud Deterrence
Strong internal controls are the foundation of fraud deterrence. Recent studies have concluded that nearly 90 percent of fraud could be avoided by an appropriately defined and rigorously enforced structure of internal controls.
We help implement cost-effective solutions aimed specifically at deterring fraud for private firms of all sizes. Our team of professionals has 25 years of experience in analyzing and improving internal control structures. Our engagements help private companies implement best practices that are compliant with all sections of the Sarbanes-Oxley Act (including Section 404 compliance) and Foreign Corrupt Practices Act.
There are 3 factors present in every fraudulent situation: motive, opportunity, and rationalization of the act. There are also straightforward actions that can be taken to shield an organization from the risk of fraud. Our assessments focus on removing the causal factors of fraud by implementing these actions.
CCA’s expertise was harnessed by the National Association of Certified Valuation Analysts when they implemented a fraud deterrence professional certification: Certified Fraud Deterrence Analyst (CFD). We wrote the five day training materials for the course used to train every CFD in the United States.
Our fraud deterrence engagements:
- Help companies better understand their internal control structures
- Follow best practices set by the Sarbanes-Oxley Act and Foreign Corrupt Practices Act
- Assist in removing causal factors of fraud from the organization
