3. Duties - The most effective step to detect and prevent collusion is segregation of ___.
4. Time - When it comes to corporate turnarounds, ___ is of the essence.
6. Ethics - Protect your organization from fraud by promoting strong ___ throughout the organization.
7. Fraud – Every organization should have a written policy regarding ___.
8. White collar - ___ crime is significantly on the rise and is becoming increasingly difficult to identify and effectively respond to.
11. Benchmarking - The process of comparing one's organizational processes and performance metrics to industry bests or best practices from other industries.
2. Opportunity - The most expensive cost of a turnaround is the ___ costs.
3. Management - CPAs only identify about 3% of instances of fraud during audits, while ___ finds 6% of frauds by accident.
4. Financial - Financial forensic professionals perform ___ investigations, provide analysis, support litigation and / or prosecution, and report their findings to the counsel, company officers and / or the board.
5. Change – Failure to ___ is one of the many reasons turnarounds fail.
1. Forensic - To deal with fraud, you need a professional financial ___ fraud examiner.
2. Advisor - The roles of a “value-added” CFO include: Expand leadership skills and increase capacity as a trusted ___.
5. Valuation - In cases of business interruption, a ___expert will estimate lost profits caused by fire, flood, or other unforeseen events, as well as project the economic loss caused by an injury or wrongful death.
9. Investigating - Financial Forensics is often referred to as “the art and science of ___ people and money.
10. Five – The percentage of revenue a typical organization loses to fraud each year.