Fraud is on the rise in Australia putting many companies out of pocket and in some cases even out of business.  The potential cost of fraud to your business can extend well beyond its bottom line.  The discovery of fraud can jeopardise the reputation of your business in the market place and consequently diminish its value.

Perhaps the biggest fallout for a business is the sense of betrayal that can follow such an offence.  Research has revealed that the most likely offender is a long serving and trusted employee. The feeling of betrayal can in turn result in a loss of productivity due to falling staff morale.

Today, the variety of schemes used to defraud a business is astounding and can range from falsifying expense claims, to setting up a secondary business and submitting false or inflated invoices. A great number of these offences go undiscovered as many businesses do not have systems in place to uncover fraud even where it may be suspected.

William Buck’s Fraud Investigation and Prevention team brings together the expertise and experience of forensic accountants, internal audit and risk management specialists to provide a fully integrated service.

Our team applies proven methodologies and processes to ensure that your business is protected against the risks and costs associated with fraudulent activity.  By taking the time to get to know your business we provide a comprehensive and detailed solution that is tailored to your needs.

In the unfortunate event that a fraud has already taken place, our team is well equipped to identify the weaknesses in controls that allowed the fraud to occur and recommend practical improvements.  We can also assist in investigations and advise on an appropriate approach should criminal, civil or insurance recoveries be sought.
Our professionals are sensitive to the non-financial impact that fraud can have on your business and provide practical recommendations to improve controls and security

How we can help

Preventative fraud services

  • Risk Assessments & Control reviews
  • Development of robust fraud policies and procedures
  • Control testing and gap analysis
  • Assistance in identifying legislative obligations

Post fraud services

  • Detection & Investigation Services
  • Quantification of losses for insurance & civil recoveries
  • Criminal Investigation support services

Audit & Assurance >

All the Latest From Our Audit & Assurance Team

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All Australian business leases will be subject to new accounting rules from January 1 2019, which could have significant impact on an entities overall financial…

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Update on Not-for-Profits accounting for peppercorn leases

Posted By William Buck News on 07/01/2019 10:29:56 am

On 24 December 2018 the AASB issued an amending standard AASB 2018-8 Amendments to Australian Accounting Standards – Right-of-Use Assets of Not-for-Profit Entities that provides…

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NFP accounting landscape set to change

Posted By William Buck News on 21/12/2018 10:30:37 am

The already complex accounting landscape for Not-for-Profits, is set to change beginning 1 January 2019, with the Accounting Standards Board  new income and revenue recognition…

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Festive fraudsters risk to businesses

Posted By William Buck News on 03/12/2018 03:05:19 am

While the Christmas holiday break is traditionally considered a time to unwind and reflect on the past year, it can also be one of the…

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