E95: Ken Yormark: The Forensic Accountant's Playbook: Strategies for Protecting Your Business

Dr. Jean, The Results Queen® sits down with forensic accounting expert Ken Yormark to explore the fascinating world of financial investigations. Ken shares his journey into forensics, recounting a remarkable experience where a suspect openly confessed to illegal activities during an audit. They discuss the common motivations behind corporate fraud, from personal financial pressures to the desire for personal gain. Ken emphasizes the importance of robust internal controls and regular "health checks" to prevent such incidents, drawing on real-life examples of companies that fell victim to employee theft and embezzlement. Dr. Jean and Ken share valuable insights into the forensic accountant's toolkit, from analyzing financial records to conducting strategic interviews to uncover the truth. Ken also offers advice for business owners on proactively protecting their organizations and recognizing potential red flags. This episode is a must-listen for anyone seeking to safeguard their company's financial integrity. Find Ken here: Website: https://www.yormarkconsulting.com/  Call for a Consultation: (203)  912-5295 Email: [email protected]  Linkedin: https://www.linkedin.com/in/kenyormark/  Contact Dr. Jean here: Website: www.gettingresultswithdrjean.com Email: [email protected]