Kelly J. Todd, managing member and member in charge of forensic investigations, authored an article for Industry Today on preventing corruption and collusion in the manufacturing industry. In the article, Kelly explains how business owners can discover collusion and avoid future occurrences by engaging in best practices.
Kelly also explores key statistics from The Association of Certified Fraud Examiners (ACFE), which state that 48 percent of fraud cases in the manufacturing industry involve corruption and cause an average loss of $194,000 in each case.
Our fraud examination practice area is made up of fraud examiners, certified public accountants, investigators and forensic technology experts. We understand and assess quantitative and qualitative evidence to ferret out the truth; detect financial improprieties and accounting discrepancies; illustrate, present and testify about findings; and identify and offer recommendations to protect vulnerable business processes.
The full article can be read here.