We identify the key fraud risks which threaten your business and the key controls which should be in place in order to mitigate the risks identified. We analyse the competitive context and the sector trend, considering organisation's culture, management style, effectiveness and adequacy of internal controls in order to assess the existing anti fraud control systems. In carrying out the assessment of the fraud risk environment, we draw on our comprehensive database of known and reported frauds, along with our knowledge of industry and country risks. The most important ingredient is the experience of our fraud specialists. This enables us to benchmark your company with comparable companies and to perform a gap analysis.
As the next step we develop a strategy to bridge the gap between the need for controls to manage fraud risk effectively and your current controls. We assess the possibility, size and potential impact of frauds, before assessing the costs and benefits of different solutions. We work with you to develop cost-effective solutions that meet your business objectives and fit your organisation's culture. As a result, our recommedations for change are realistic and appropriate, based on our understanding of your business needs.
The implementation of a fraud prevention system may include organisational changes in order to define management's responsibilities, training to increase fraud awareness, improvement of management system and control activities. The implementation occurred through the use of data mining tools and forensic investigations to assess specific fraud threats. We guide you in order to facilitate a successful implementation.