Fraud Risk Management

Development and implementation of fraud prevention programmes in an organization is of paramount importance in the continued struggle against fraud. Our Forensic Services team can provide comprehensive solutions aimed at the prevention and detection of fraud, including the following: 
 

• Objective assessment of fraud risks and the organisation’s vulnerability to fraud, by assessing the internal control environment and the organizations approach to corporate governance and business ethics, e.g. code of conduct
• Assessment and enhancement of procedures for monitoring and detection of fraud
• Assessment and enhancement of the organisation’s response mechanism following detection of potential fraud
• Assessment of procedures for hiring employees and contracting with customers and suppliers
• Assistance with the development of an Ethical Hotline/Whistleblowers Program, which enables employees or other third parties to openly communicate irregularities within the organisation.

• Fraud risk reviews
• Intelligence screening
• Designing and implementing fraud prevention strategies
• Vendor and supply chain due diligence
• Employment screening
• Fraud awareness trainings for the board and employees

• Increase reliability of financial statements
• Reduce expenses and losses from fraud
• Protect reputation
• Proactively address issues
• Meet national and foreign legal requirements and expectations (e.g. DOJ, SEC regulations)
• Reduce controll processes testing costs (e.g. related to Sarbanes-Oxley requirements)
• Minimize government sanctions and liability should misconduct occur.