Forensic Accounting and Internal control

7LinksCPA offers comprehensive, cost-effective solutions tailored to help your organization reduce the risk of fraud to an acceptable level. Since every organization is unique, we can work with you to provide the right mix of services.

Organizations need the right tools and training to help ensure that employees are knowledgeable of potential fraud indicators, can recognize fraud schemes, and can consider basic fraud prevention techniques in the execution of their duties. 7LinksCPA provides training in classroom, web-based, and blended formats.

Fraud Policies and Procedures Development

7LinksCPA can help organizations set the “tone at the top” by implementing fraud risk management policies and the associated procedures. These policies and procedures are tailored to individual organizations, to help reduce the risk of fraud and facilitating a proper response when fraud occurs or is suspected to have occurred.

Fraud Prevention and Detection Profile Assessment

Our clients benefit from the close personal attention of an experienced professional. We approach our practice as a team, providing you with access to more than one experienced member of the firm. Whether it is a Board Meeting, a deadline, or an important tax matter, we listen, we identify the issues, and we work with you to meet your goals. Personal service in a timely manner is one of our founding principles.

Fraud Risk Identification and Internal Controls

7LinksCPA can help identify specific fraud risks and the associated internal controls that address those risks. Through this process, we identify internal control gaps that expose your organization to fraud and make recommendations on efficient and effective ways to close the gaps.

Fraud Prevention and Detection Controls Testing

To determine the operating effectiveness of fraud prevention and detection controls, the controls need to be tested. 7LinksCPA can perform testing or facilitate testing, and summarize testing results in a synthesized manner that is meaningful to audit committees, top executives, and other leaders.

Fraud Prevention and Detection Controls Maintenance

Through ongoing or periodic monitoring of internal controls, we can help ensure that an organization’s fraud prevention and detection programs are up-to-date for new and modified business processes, changing risk environments, and evolving organizational structures.

Fraud Investigation

Knowing where to turn when you suspect fraud in your organization can be difficult. 7LinksCPA team of experts provide an unbiased, objective investigation and help you navigate your way through the uncertainty that accompanies occurrences of fraud

At times you may need a trained outside professional to evaluate your company’s operations to determine if the appropriate controls are in place to ensure proper handling of resources and to protect yourself from employee theft.

We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. Then we make recommendations that help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.

What we do for you…

Implement segregation of duties so that duties are divided, or segregated, among different people to reduce risk of error or inappropriate actions. No one person has control over all aspects of any financial transaction.
Make sure transactions are authorized by a person delegated approval authority when the transactions are consistent with policy and funds are available.
Ensure records are routinely reviewed and reconciled, by someone other than the preparer or transactor, to determine that transactions have been properly processed.
Make certain that equipment, inventories, cash and other property are secured physically, counted periodically, and compared with item descriptions shown on control records.
Provide employees with appropriate training and guidance to ensure they have the knowledge necessary to carry out their job duties, are provided with an appropriate level of direction and supervision, and are aware of the proper channels for reporting suspected improprieties.
Document policies and procedures and making them accessible to employees. The documented policies and procedures provide day-to-day guidance to your staff and continuation of duties in the event of prolonged employee absences or turnover.
Review operations to ascertain whether results are consistent with established objectives and goals and whether the operations are being carried out as planned.