According to research conducted by the Association of Certified Fraud Examiners (ACFE) in 2008, a lack of adequate internal controls was the most commonly cited factor that allowed fraud to occur. For example, organizations that conducted surprise audits suffered a median loss of USD 70,000, while those that did not suffered losses almost three times as large, averaging around USD 207,000.
Based on the principle that prevention is better than cure, Deloitte CIS offers its clients a comprehensive analysis of key business processes and the related risks. We can perform analyses of an enterprise as a whole, an individual business process, or a specific service line.
One of our main competitive advantages is our ability to analyze the various fraud-related risks companies face in the current business environment. In providing these services, we focus not only on common business problems (e.g. granting discounts, contract-conclusion processes, asset valuation, inventory flows, and so on), but also on specific issues inherent to certain industries and types of organizations.
Deloitte CIS offers an industry-specific approach, tailored to a company’s specific needs.
Also we offer consultations on the protection of intellectual property rights.
Our fraud-related risk prevention services include:
- Consulting on the implementation of specialized departments, and the creation of related internal policies and procedures for fraud detection, investigation and fraud risk management controls
- Evaluation of the internal control system, with regard to fraud prevention (in particular, analyses of fraud prevention policies, procedures and related controls, analysis of communication processes and information exchange between company departments, etc.)
- Analysis of the exposure of various business processes to the risk of fraudulent actions, including the assessment of existing vendor selection procedures and consulting on holding tenders
- Analysis of operational risk management systems
- Evaluation of the risks of violations of anti-corruption legislation
- Organization and facilitation of training programs and seminars, aimed at improving employees’ professional skills, in relation to fraud prevention and identification
- Evaluation of the methods employed to protect a company’s intellectual property
- Consulting on which information should be considered a commercial secret, and analysis of the compliance of those procedures used for classifying information as a commercial secret, with regard to the current applicable legislation
- Analysis of license agreements from the standpoint of protecting economic interests