Products and solutions / Fraud risk assessment
Product characteristics:
The most effective way of protection against fraud is prevention. Creating an effective prevention program requires obtaining an accurate picture of fraud risks in the organization. Fraud Risk Assessment helps you review your fraud risks, assess the adequacy of your existing controls and determine further necessary steps to eliminate fraud.
The objective of Fraud Risk Assessment is to identify areas with the highest risk of fraud and make sure that the risk is eliminated using an appropriate and effective control. Fraud risk identification helps us determine the size, nature and form of the organization’s fraud risk exposure. Fraud Risk Assessment should be repeated regularly across all functions of the organization, resulting in a plan of corrective measures to implement controls and reduce the risk of fraud.
Occasions you will use the product:
- Ensure compliance with Sarbanes – Oxley
- Identify risk areas and reveal control system weaknesses
- Protect the property, assets and business continuity of your organization
- Reduce losses and damages due to fraud
- Improve profitability and gain a competitive advantage in the market
- Improve your company’s reputation as an ethical organization actively fighting fraud
Product benefits:
- Find out where your organization is exposed to fraud
- Reduce costs – identify weaknesses in your business and prevent losses from fraud
- Eliminate identified risks by implementing tried and tested controls