Bennett Thrasher, one of the largest and fastest-growing certified public accounting and consulting firms in the country, is pleased to announce that it has been recognized in two categories of the Daily Report’s Best of 2022 Reader Survey. The firm was voted the #1 in the category of Business Accounting and recognized as one of the Top Three Full-Service Accounting Firms.
Bennett Thrasher, one of the largest and fastest-growing certified public accounting and consulting firms in the country, is pleased to announce that it has been recognized in four categories of the Daily Report’s Best of 2021 Reader Survey.
In January 2021, the U.S. Department of Justice (“DOJ”) reported its annual False Claims Act (“FCA”) statistics for recoveries resulting from civil settlements and judgements in fiscal year (“FY”) 2020 (October 1, 2019 – September 30, 2020). The FCA is the DOJ’s most powerful tool in combating false claims submitted to the government by individuals and companies. Most FCA cases brought by the government target those that operate in the healthcare industry.
The Association of Certified Fraud Examiners reports that fraud committed by employees against their employer creates approximately $7 billion in losses each year. While it is unlikely for corporate fraud victims to recover these losses, companies can implement measures to better protect themselves. Sunrise Banks recently published an article on how to prevent occupational fraud. In the article, Chris Roane, Senior Manager in Bennett Thrasher’s Dispute Resolution & Forensics practice, explains how small businesses are more susceptible to these cases.
The recent statistics on employee theft is shocking. According to one US source, 75% of employees admit to having stolen at least once from their employer—and employee theft costs a company on average 7% of their annual revenues each year.
Patrick Braley, Partner and Service Line Leader for Bennett Thrasher’s Disputes, Valuation and Forensic practice, co-presented a recent webinar on Understanding and Preventing Corporate Fraud.