Louis Plung

Follow us @LouisPlung_CPAs

Request For Proposal

Special Topics

Learn about the five most common types of fraud schemes that affect businesses, and how to prevent them.

To learn more about our Fraud Prevention practice, click here.

BILLING SCHEMES

Billing schemes cost companies an average of $128,000 each year, according to the Association of Certified Fraud Examiners (ACFE). They are the most common form of fraud among what’s known as fraudulent disbursement schemes.

Download

CORRUPTION

Corruption may be the least common type of fraud scheme, but it can be one of the more costly. Corruption schemes include activities like bribery, illegal gratuities, economic extortion, and conflicts of interest.

Download

NON-CASH MISAPPROPRIATION

Although the majority of asset misappropriation schemes involve cash, 20 percent of asset misappropriation schemes involve inventory, supplies, equipment, information, and securities.

Download

CHECK TAMPERING

A fraudulent check is prepared by either forging a signature, forging an endorsement, concealing the check, or altering the payee. With a median loss of $131,000, it is the most expensive of fraudulent disbursement schemes.

Download

EXPENSE REIMBURSEMENT

Expense reimbursement schemes are some of the most common types of fraud committed by employees. Because they are fairly simple to pull off, they may go undetected for long periods of time, if they are discovered at all.

Download

Specialists

 
space
 

Our professionals who specialize in Fraud Prevention are:

 
Richard Fischer

Richard Fischer

More info >>

 
Catherine Marchelletta

Catherine Marchelletta

More info >>

 
Tony Montanaro

Tony Montanaro

More info >>