However, statistics show it happens daily and the problem is worsening. It is estimated that $40 billion is stolen from small businesses alone and an estimated 75% of all theft goes undetected. In fact, if happening, it may be by whom you least suspect.

The most effective way to address this growing and ongoing concern is to perform a fraud audit to identify procedural and policy weaknesses with the intent to eliminate opportunities. Our specialized, certified, highly trained, and diligent forensic accountants can perform a thorough yet discreet investigation especially where confidentiality is essential.

Under the best circumstances, a client simply wants to identify policy loopholes and procedural weaknesses to prevent and deter wrongdoing. Unfortunately, we can also become involved when determining culpability and quantifying losses when considering legal recourse.

"Total number of records containing sensitive personal information involved in security breaches in the U.S. since January 2005: 245,130,070" (as of October 17, 2008)

Source: Privacy Rights Clearinghouse (data from a service provided by Dataloss)

We are able to perform a process review, red flag weaknesses using proven techniques, review controls and advise how best to achieve more stringent oversight to mitigate the potential for substantial losses.

Some of the specific controls we can develop are:

• Fraud prevention check up
• Fraud related policies and procedures
• Code of Ethics
• Audit Committee Charters
• Fraud hotline to ensure compliance
• Background checks for individuals and businesses

Our Services also extend to performing analysis for legal proceedings such as the dissolution of marriage and bankruptcy analysis as well as serving as an expert witness on a client's behalf.

We are members of:

• The Association of Certified Fraud Examiners
• Connecticut Association of Certified Fraud Examiners

We look forward to hearing from you. For more information on these or any other services we offer, please contact Joseph Centofanti, CPA, CFE, FCPA, CGFM at or by calling (800) 286-5726.