A cutting-edge solution to manage risk proactively
If this is your situation
Risk. Consider the variety of risks that your company might face:
- The respected manager at a foreign subsidiary who pays bribes disguised as consulting fees in order to win major government contracts
- The rogue analyst who books fictitious entries to manipulate year-end financial results in order to receive a higher bonus
- The accounts payable clerk who sets up fictitious entries in order to siphon money out of the company to pay off his mounting debts
How PricewaterhouseCoopers can help you
TRIA. Transaction risk identification & analysis (TRIA) is one of the industry's most advanced platforms for managing risk. TRIA is a highly sophisticated framework used by our multi-disciplinary team of specialists to perform analyses and highlight potential fraud, control weaknesses, high-risk transactions and other possible risks within your company.
TRIA's sophisticated technology can help your company in the following ways:
- TRIA allows you to understand your system and perform an in-depth analysis of the large volume of data embedded in your company's key sub-ledgers, including the following business cycles: Accounts receivable, accounts payable, revenue, inventory, payroll and fixed assets .
- TRIA creates over 150 high-impact reports following the fraud risk areas outlined by the Association of Certified Fraud Examiners .
- TRIA's Custom Analysis Interface provides an online environment to customize searches targeting high-risk areas. Even in the most complex transactions, the interface allows easy navigation through the business processes down to the most detailed level in order to gain transparency as to what is happening .
- TRIA uses matching technology, which increases the data quality through data cleansing and uncovers hidden relationships within your company's data. For example, matching could identify an employee who has a similar address as a vendor. Further analysis could reveal that the employee also created the vendor in the system, which may lead to the discovery that this vendor is fictitious .
- TRIA identifies individuals or entities involved in fraud, terrorism, or other illegal activities using third-party databases of known high-risk entities .
Contact us to learn more about this tool and how your organization can benefit from its application.
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Transaction risk identification & analysis guide (TRIA) (64kb)
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TRIA guide to manage risk proactively (27kb)
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eDiscovery services (189kb)
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TRIA network (4.48mb)
