Protection from Threats Within

Regardless of your business’ size or industry, fraud is an issue that you cannot afford to ignore. The average organization loses more than $9 a day per employee to fraud and abuse, with the most costly abuses occurring in companies with less than 100 employees. It isn’t difficult to calculate the significant impact this can have on your bottom line. In fact, about six percent of the total revenue of businesses is lost to employee fraud.

Unfortunately for many business owners, it is only after fraud has been committed and detected that a business advisor is called upon to investigate. The Fraud Prevention & Detection Team at Yount, Hyde & Barbour takes a more proactive position by focusing on analyzing internal accounting controls for fraud to reduce the likelihood of fraud and abuse occurring in the first place.

Services We Provide

Development of Corporate Compliance & Fraud Prevention Programs
Implementation of Safeguards to Minimize Fraudulent Activity
Investigation of Possible Fraudulent Activities
Periodic Monitoring of Financial Information
Strengthening Internal Controls to Reduce Fraud Risk

We Stay Three Steps Ahead

To protect our clients’ interests, our professionals have undergone fraud prevention and detection training involving a broad spectrum of fraud methods and ramifications. R. Steven Spitzer, CPA, head of the team, completed an intensive fraud prevention and detection program called Fraudsafe, sponsored by the National Association of Certified Fraud Examiners, covering a wide range of fraud methodologies, forensic strategies, and ramifications.

Fraud Prevention & Detection Team
R. Steven Spitzer, CPA, CFE – Principal