Fraud
Contact Us
Reduce the Risk of Fraud
The Risk Dashboard can assist you in creating an effective fraud risk management framework which will enable your organisation to implement controls that help prevent fraud from occurring and formulating a response plan for any possible incidents.
“The Risk Dashboard: Diagnose, Detect and Respond” will help you to analyse:
Diagnose vulnerability to Fraud
Recommend mitigating anti-fraud controls
Develop a fraud response plan
Detect gaps in anti-fraud controls
Continuous or periodic monitoring
Investigate cases of alleged fraud
Examples of common types of internal business fraud can include:
Asset Misappropriation
Theft of cash, taking cash before recording revenues, or stealing incoming funds through a fake account
False Payment Requests
False payment instructions, or a false email payment request with forged signatures
Cheque Fraud
Theft of, duplicating of, or tampering with company cheques, or depositing a cheque into a third party account without authority
Billing Schemes
Over-billing, recording false credits, ‘pay and return’ schemes, and false billing details
Misuse of Accounts
Wire transfer fraud, unrecorded sales, employee account fraud, false credit notes, or stealing passwords
Inventory and Fixed Assets
Inventory theft, false write offs and sales, theft of assets and confidential information, etc
Procurement
Altering purchase orders, falsifying documents, forging signatures, false invoices, changes to payment terms etc
Payroll
Fictitious employees, falsified work hours, abuse of commission schemes, improper salary level changes, etc
The heart of Fraud prevention practice sits within the Risk Dashboard software.