Longtime executive Kirk Fisher serves as the chief operating officer and vice president of the Plexos Group, LLC, a business consulting group based in Baton Rouge, Louisiana. In this capacity with the Louisiana firm, Kirk Fisher provides third-party administration services in matters such as fraud detection. Businesses without fraud detection strategies in place find themselves exposed to fraudulent activity at all levels of the organization. A solid fraud detection strategy typically begins by assessing areas of corporate risk to determine which parts of the organization are most vulnerable to fraud. Business leaders often prioritize areas that have the biggest impact on shareholder value. After identifying high-risk areas, executives must test all transactional data for instances of fraud. Continuous auditing and monitoring of transactions helps businesses detect anomalies in the data and act swiftly. By simply notifying everyone within the organization of the auditing and monitoring, businesses create a powerful preventive strategy. As the business grows, leaders must continuously overhaul their fraud detection efforts to match the expanding scope of business operations.
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AuthorA longtime executive, Kirk Fisher has acquired a wealth of experience in the Louisiana area. Archives
March 2021
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