White-collar crimes and employee fraud cost American businesses billions of dollars each year.
White-collar crimes and employee fraud cost American businesses billions of dollars each year. Unlike a robbery or burglary, the loss from employee fraud can be covert.
Our Certified Fraud Examiners (CFE) can help detect and uncover fradulent activities and misappropriation of assets. We can help locate and facilitate recovery of misappropriated assets. Our staff can also help design and recommend changes in policies and procedures to prevent fraud in the future.
Many cases are won or lost during discovery, so an investigative accountant can be a valuable asset. We can advise lawyers about the types of records to request. Our investigative accounting techniques help establish causation of damages when searching for improprieties, to uncover hidden assets or fraudulent conveyances, and to detect fraud or embezzlement. Once information is obtained, we analyze and explain its significance in clear and understandable terms.
Bailes & Co., P.C. has one Certified Fraud Examiners on staff, David Stafford. Mr. Stafford has been a member of the Association of Certified Fraud Examiners (ACFE) for 18 years. He has been licensed as a Certified Public Accountant for over 25 years. Mr. Stafford has testified numerous times in state and federal courts regarding the results of fraud examinations he has performed.
In 2008, the American Institute of Certified Public Accountants (AICPA) established the Certified in Financial Forensics (CFF) credential for CPAs who have significant experience in forensic accounting. Only CPAs who have demonstrated the appropriate knowledge and experience in forensic accounting are eligible to hold the CFF credential. Bailes & Co., P.C. has one CPA on staff who holds the CFF credential: Robert Bailes.