Many organizations are vulnerable to fraud because they do not implement a system of adequate internal controls. Furthermore, the culture of many organizations is developed around the concept of “trust”. Consequently, placing trusted employees in positions without proper internal controls provides easy opportunities for committing fraud, resulting in financial losses and reputational damage.
We can help you to review your existing controls, identify any existing gaps and provide recommendations.
In addition to the above, our team has vast experience with the conducting of fraud risk assessments, which includes the identification of risk areas, and recommendations to mitigate those risks. The conducting of a fraud risk assessment should be an important investment to safeguard the future of an organization, minimize future losses by identifying weaknesses and vulnerabilities, improve current controls whilst addressing concerns related to employee perceptions.