Fraud Services

Whether you manage a for-profit or not-for-profit, publicly held or privately owned organization, it is critical that a fraud risk assessment be performed to understand the company’s exposure and identify gaps in control coverage.
Our approach to assessing a fraud risk includes:

Identifying relevant fraud risk factors

  • Identifying potential fraud schemes and prioritizing them based on risk
  • Mapping existing controls to related fraud schemes and identifying gaps;
  • Testing operating effectiveness of fraud prevention and detection control activities
Based on our experience, there are many potential fraud risk areas that organization can encounter. Some of the most common are cash manipulation, revenue misstatement or income manipulation, understatement of payables, thefts of inventory or other fixed assets, and kickbacks or fraudulently removing assets from the company to commit Foreign Corrupt Practices Act (FCPA) violations.