In 2009, the estimated cost of taxpayer bailouts for large financial institutions has risen to the trillions; no one really knows what the final tab will be.
Additional fraudulent behavior such as Bernie Madoff and Enron are also examples of poor auditing. The 10 largest recipients of recent bailouts received in excess of $400 billion dollars; many were displaying “clean audit opinions” just prior to their collapse. Auditors tend to send in junior executives who just don’t have the insight or experience to detect a professional fraud case.
Fraud Solutions, based in Los Angeles (
www.fraudsol.com) is a sought after resource throughout the U.S. for preventing, detecting and investigating fraud. Fraud Solution’s has the insight, experience and skill to detect the most difficult of cases. A CEO of a large corporation expressed his gratitude about Fraud Solutions recent work from unnoticed fraud by their current auditors, “John, I don’t know how much we paid you for this, but it was worth every cent.”
Fraud Solutions Services
• Keynote Speakers
• Fraud Prevention
• Fraud Risk Assessment
• Anti-Fraud Controls
• Fraud Incident Response Plans
About Fraud Solutions
Fraud Solutions has more than 25 years of consulting and executive management experience. Founder John Tonsick, CPA and Certified Fraud Examiner is a former Internal Audit Director and Controller with Fortune 50 and Big 4 expertise and is frequent a keynote speaker at industry conferences. They have worked with businesses of every size, from sole proprietorships to the Fortune 100. They understand internal controls, accounting, information technology and corporate governance as few others do. Scoundrels Chronicle is their monthly newsletter. They are located in Los Angeles.
www.fraudsol.com
