Fraud Risk Management (FRM) And Assessment
RISK ADVISORY
Fraud Risk Management (FRM) And Assessment
Fraud Risk Management (FRM) is crucial to protect businesses from potential financial losses, legal consequences, and reputational damage. We assist organizations in identifying fraud risks, assessing existing controls, and implementing strategies to prevent, detect, and respond to fraud.
Our Expertise:
- Fraud risk assessments and prevention frameworks.
- Conducting forensic investigations to identify and address fraud.
Our Services Include:
- Fraud risk assessment and identification of vulnerabilities.
- Review of internal controls and fraud detection systems.
- Implementation of anti-fraud strategies and employee training.
- Monitoring and reporting mechanisms for ongoing fraud prevention.
Methodology:
- Risk Identification: Map out areas prone to fraud within business operations and processes
- Control Review: Assess existing controls for detecting and preventing fraud
- Fraud Risk Scoring: Quantify fraud risks based on impact and likelihood.
- Recommendations: Develop fraud prevention strategies, including employee awareness programs and fraud detection systems.
Our approach provides comprehensive protection against fraud, ensuring that your business remains secure and resilient.
