Fraud Risk Assessment

All organizations are exposed to Fraud Risk, therefore an assessment of an organization’s fraud risk is essential for all organizations regardless of size and nature.

Our assessment process involves understanding and determining the applicable igniters/facilitators and fraud schemes to which the organization is exposed, giving consideration to such factors as:

• The nature of the organization itself
• Industry
• Staff and personnel expertise and roles
• Other risks such as regulatory and legal (criminal and civil)
• Risk tolerance
• Cost/benefit

SOLUTION:

In assessing and developing Fraud Risk Management Programs we recognize that having (or developing) a sound internal control system is not the same. Organizational policies and procedures and the resulting internal control processes that do not consider fraud risk will not result in an effective Fraud Risk Management program.

In our report we will:

• Identify risks
• Provide recommendations to address your exposure through fraud:

- Prevention techniques
- Detection approaches
- Fraud Allegation Response
- Forensic Investigations
- Seminars & Training

Be pro-active, contact us now to arrange a CARET assessment.