Forensic and Data Services: The Proactive and Reactive BalanceOctober 08, 2020
Adam sits down with guests Michael Bösl, CPA, CFE and Steve Wischmann, CPA, CFF, MAFF, CGMA to talk about BerganKDV’s newest service, Forensic and Data Services. Steve and Michael explain that the Forensic and Data Analytics service is two pronged, the proactive side and the reactive side.
Steve and Michael talk about their (many) certifications, the importance of the ongoing training and education, and how it translates to actionable results for their clients. The formation of this new service really started decades ago as they both worked on audits and found their niche in fraud cases, the team is excited to bring more focus and awareness to this important area for organizations.
On average a case of fraud lasts about 18 months and costs organizations $150,000 (or 5% of your organization’s revenue), taking a look at internal controls and ensuring proper task management segregation and management review of any controls in place is key to preventing and catching fraud.
The views and opinions expressed in this podcast are those of BerganKDV Wealth Management and are subject to change at any time. The content herein is general and educational in nature and should not be considered legal or tax advice. We recommend that your consult with an attorney, tax or investment professional regarding your specific situation. Investment advisory services and fee-based planning offered through BerganKDV Wealth Management, an SEC Registered Investment Advisor.