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Initial fraud risk assessment - Supporting fraud detection technology implementation | Brochure


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Background

Be it in times of boom or bust, fraud and corporate misconduct continue to make headlines. An adequate detection tool can provide the safeguard needed to protect an organisation.

A keen understanding of the specificities of the organisation is key to selecting the appropriate fraud detection software.

Such understanding requires close work between the IT department and the business lines to agree the needs and match the software technical characteristics.

The selection process of such a tool often goes through a Proof of Concept (POC) consisting in implementing the software on a limited business area to make sure that the fraud risks are properly handled and that the solution matches the expectations of the company.

Identifying the risk areas in terms of exposure to fraud is the first key step in such a selection process.

How we can help you

Our forensic practitioners draw their experience from fighting fraud over numerous assignments ranging from prevention to investigation. Their knowledge can help you organisation zero in on the highest risk areas considering fraud exposure and provide a successful fraud risk assessment.

The methodology developed is fully compliant with current applicable laws and regulations.
Our industry experience covers a wide range of activities with particular expertise in the banking and investment fund sectors.

Through review of the procedures designed to curb fraud within an organization and fact finding workshops gathering the organisation IT specialists and business lines representatives, we are able to map out the major risk areas and steer the Proof of Concept towards a meaningful and representative test area.

By calling on the local knowledge of our offices in 147 countries our reach is truly global.

“The implementation of anti-fraud controls appears to have a measurable impact on an organisation’s exposure to fraud”

Source: ACFE report to the Nation, 2008

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