Your voice matters! Help us improve The Cashflow Contractor Podcast.Take our quick survey to shape the future of the show. Share your feedback and ideas in just a few minutes. Click the link below:https://forms.gle/NDVDbYzDj6uKiQ127Thank you for being part of our community!Khalil and MartinThe Cashflow Contractor Podcast--------------------------Fraud is a serious threat that can have devastating consequences for businesses of all sizes. If you think your business is safe from fraud, think again!Leah Wietholter, a Certified Fraud Examiner and private investigator, joins Martin & Khalil to talk about forensic and investigative accounting and why it's critical to recognize the warning signs of fraud in your company.Time Stamps00:49 - Episode Intro02:07 - How Leah Got Into Forensic Accounting06:09 - What's Forensic Accounting?07:01 - Investigative Accounting10:01 - Partnership Disputes12:29 - Why the Name 'Workman Forensics'12:58 - Common Signs of Fraud in Business18:51 - Tips to Detect Fraud24:39 - Fraud Can Happen to Anyone27:01 - Reconciling Your Books35:15 - What to Do If You Suspect Fraud in Your Business45:06 - Standard Practices to Protect Your Business from Fraud49:35 - Hiring An Outsourced Accountant & Bookkeeper54:46 - The Impact of Fraud to Your Business57:19 - Equipment & Inventory Fraud01:00:23 - Divorce Cases & Family Businesses01:05:02 - Why Hire a Forensic Accountant01:06:22 - Episode TakeawaysQuotable Moments from Leah Wietholter"If the financial person will not provide consistent or just regular routine reports, this is one of the biggest red flags to me." "There is no legitimate reason to not provide the owner of the company with financial statements, bank statements, credit card statements, and payroll reports. There's no reason." "There are only 2 big areas that someone can steal money from you, and it's as it comes into your business as revenue, or it's as an expenditure as it leaves your business." "If your bookkeeper can't explain where did the money come from and where did it go, keep asking questions.""The sooner you get a forensic accounting accountant involved, the better."ResourcesNeed Marketing Help? We Recommend BenaliWatch On YoutubeFollow On Social: LinkedIn, Facebook, InstagramSubscribe To Our Newsletter, The CountdownHave Questions? Email usMore from Leah WietholterWorkman Forensics WebsiteThe Data Sleuth PodcastData Sleuth BookLeah on LinkedInMore from Martintheprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagramMore from Khalilbenali.com Email KhalilMeet With KhalilLinkedInFacebookInstagramMore from The Cashflow ContractorAsk Us A QuestionSign Up For A Free Consultationthecashflowcontractor.com Email The Cashflow ContractorLinkedInFacebookInstagram