Company Analysis

 Company analysis reports have been used for decades as the primary weapon against fraud in the business. The problem is, however, that many of the same techniques that were once used to combat fraudulent or dubious company analysis activity have been adopted by those that actually are engaged in fraudulent activities. As a result, there are few if any company analysis solutions that are effective at detecting and reducing corporate fraud.

Companies rely on company analysis reports to provide evidence to executives and board members in support of their positions and proposals. This supportive evidence is essential to the survival and continued success of virtually all corporations. In large corporations, however, this evidence is typically not available to those in the lower levels of management. The lower managers do not view company analysis reports as being a critical component of their day-to-day operations. Because of the limited nature of company analysis in this environment, many of the findings reflected in the reports are not considered relevant.

Corporate executives that are charged with the responsibility of company analysis need a detailed account of each area of internal fraud that the company should investigate. The more areas of internal fraud that the company investigates, the more helpful the company analysis will be. While company analysis must be based on the results of the actual investigation, there are several ways to evaluate a company's fraud. The most effective method is to review company reports thoroughly for accuracy and then use a variety of sources to reach conclusions about the scope of company fraud.

While company fraud is a serious matter, it is only one component of the overall issue. Many companies only come to light when high-level executives are exposed to corruption or when an outsider makes an accusation of fraud. While company analysis reports can help executives identify problems before they surface, they cannot provide a full picture of the scope of company fraud. Without outside corroboration of the allegations, company managers may simply consider any evidence of fraud as circumstantial and discount the importance of uncovering actual fraud. Unless company managers can prove beyond reasonable doubt that fraud is taking place, they may not take the steps necessary to stop it.

There are several ways that company analysis reports can be used to investigate fraud. The most obvious method is for the company to hire an outside investigator. Investigators can access company records, interview employees, and obtain other information that can be used to detect fraud. However, an investigator must still rely on the company's internal records to determine if the claims made in company analysis reports are supported by legitimate evidence. If an investigator relies solely on company records to corroborate their claims, however, they could come to the conclusion that the extent of the fraud is exaggerated.

Another method for investigating fraud in company reports is for the company to install a computer program that enables employees to access bank accounts. Every employee has a unique account number, so when that employee opens a new account, his or her account number is logged into the computer. Whenever an employee requests a credit card, the computer system can access the details stored in that employee's account and determine which bank issued the credit card. If it is indeed a fraud, the system will show the amount of the credit card and any fraudulent charges made on the card. In many cases, this kind of investigation could be enough to catch a fraudulent employee. However, if the company only uses this kind of method to determine if fraud is taking place, they could miss other suspicious transactions on company accounts that do not match the pattern of fraudulent activity.

Another approach that company reports can use to detect fraud is through a review of internal company emails and telephone conversations. If the company routinely sends out statements to customers and employees regarding their performance, the statements could serve as an internal indicator of whether there are grounds for fraud. If employees are given extra salary, and they go over the salary record without first asking for authorization, this could also serve as an indicator of fraud. By tracking the activity of employees overtime, however, it becomes difficult for an investigator to determine if there is sufficient evidence to file a lawsuit or bring up internal company policy regarding employee fraud.

Most company analysis reports require an employee to admit guilt in order to file a lawsuit. If an employee is found to have committed fraudulent activities during the course of their job, the company will not be able to fire them, hire them back, or cover any costs associated with fraudulently obtained compensation. Even if the company is able to prove that an employee was not part of any company activities that caused a loss, they may still be held liable for some losses because they did not take reasonable steps to prevent the loss in the first place. In these cases, it is up to the employee to take the initiative and present documentation of their fraudulent activity. We offer the best auto loans to our employees.