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  Fraud Analysis

    Fraud Analysis  
Each year, according to the Association of Certified Fraud Examiners, U.S. companies lose billions to counterfeiting and document fraud. As increasingly sophisticated technology make it easier to alter documents, fraud and defalcation continues to rise at an alarming rate.

The Uniform Commercial Code (UCC) says companies must display “Ordinary Care” in the creation and issuance of their checks. Each company must exercise their due diligence to pass along the financial burden of check fraud. When a business uses highly secured checks with various security features, utilize positive pay and reconcile their bank statements regularly, their risk and liability for check fraud will be substantially reduced.

Corporate Audit Partners along with our partners conduct a comprehensive analysis of your payment and document management practices. During an examination of your document creation, authentication, tracking and reconciliation, we gain a company-wide understanding of the threats that a given document will face. Together we develop a thorough solution that addresses your payment and document management process to provide an effective deterrent to fraud.