Fraud Risk Examination

Fraud is any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain. Regardless of culture, ethnicity, religion, or other factors, certain individuals will be motivated to commit fraud.

All organizations are subject to fraud risks. Large frauds have led to the downfall of entire organizations, massive investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital markets. Publicized fraudulent behavior by key executives has negatively impacted the reputations, brands, and images of many organizations around the globe.

Fraud exists in varying levels in every business enterprise. The level of fraud experienced depends on three factors.

OPPORTUNITY – A way to gain a benefit

RISK – The chance of being detected.

REWARD – The benefit

Fraud Risk is measured in terms of “consequence and likelihood.” Some risks will be accepted, unacceptable risks will be treated but in order to assess risks, they must be identified.

We will work with the company management to:

Reduce the opportunity of fraud through cultural change and employee awareness.

Increase risk of detection through sound fraud prevention strategies.

Reduce the level of reward by limiting exposure to high fraud risk activities.

  • Fraud Risk Governance
  • Fraud Risk Assessment
  • Fraud Prevention

Fraud Detection

Investigation and Corrective Action

Our Investigative projects undertake;

  • Capability Statement Fraud Awareness Lectures or Seminars.
  • Conduct a High Level Fraud Risk Assessment
  • Prepare Fraud Risk Management Plan
  • Prepare a Code of Conduct
  • Fraud Control
  • Risk Mitigation Strategies
  • Data Mining
  • Provide Specialist Fraud Investigation Services
  • Asset Tracking & Recovery
  • Litigation Consulting
  • Dispute Risk Assessment Expert Testimony
  • Audit Services
  • Forensic Accounting
  • Financial Investigation
  • Lost Profit Claims
  • Partnership Disputes
  • Shareholder Disputes
  • Professional Malpractice Claims
  • Financial Statement Manipulation
  • Accountant Malpractices