Fall 2006 issue of Horizons

Addressing Fraud in Your Organization

Do not be complacent when it comes to fraud. Take action. View fraud from a number of perspectives when evaluating the fraud risk factors in your organization and developing and monitoring deterrence programs. After all, the most cost-effective way to combat fraud is to prevent it. Once it occurs, it is expensive and time consuming to recover, and often these efforts do not prove successful. The statistics cited in this article are from the 2006 ACFE (Association of Certified Fraud Examiners) Report to the Nation on Occupational Fraud and Abuse. To find out more about the ACFE or to obtain a copy of the 2006 Report to the Nation, visit www.acfe.com or contact RubinBrown for more information. Questions? Contact Christina Solomon, CPA Manager, Corporate Finance & Forensic Services Group 314-290-3497 christina.solomon@rubinbrown.com or Tom Zetlmeisl, CPA Manager, Corporate Finance & Forensic Services Group 314-290-3395 thomas.zetlmeisl@rubinbrown.com

16 • summer 2006 issue