Supply Chain Forensics: Identify Fraud, Waste, and Abuse in Your Organization - Dbriefs Poll Responses
For many companies, the supply chain represents both the largest source of cash outflows and interaction with outside business entities, so it can harbor many fraud, waste, and abuse-related risks. How can you leverage data analytics and forensic accounting to combat these risks?
During the Transactions and Business Events Dbriefs, "Supply Chain Forensics: Identify Fraud, Waste, and Abuse in Your Organization," held on February 26, 2014, David Williams, chief executive officer of Deloitte Financial Advisory Services LLP was joined by Ben Hattingh, senior manager, Deloitte Transactions and Business Analytics LLP; Larry Kivett, partner, Deloitte Financial Advisory Services LLP; and Mark Pearson, principal, Deloitte Financial Advisory Services LLP. The presenters discussed:
- Developing tailored criteria-based processes to help evaluate the relative risk value of your vendor relationships.
- Detecting and mitigating potentially costly risks, while also identifying opportunities to boost the organization’s bottom line.
- Identifying and eliminating fraud, waste, and abuse perpetrated by your employees or your company’s vendors.
Watch the Dbriefs webcast replay to learn how leading companies employ supply chain forensics to mitigate risk and increase shareholder value.
Attendees of the live webcast on February 26 responded to the following poll questions.
Has your company experienced fraud, waste, or abuse in its supply chain during the past 12 months?
Does your company have a program in place to prevent and detect fraud, waste, and abuse in its supply chain?
How often does your company monitor its third parties (i.e. supplies, shippers, etc.) to prevent and detect fraud, waste, and abuse in its supply chain?
Which would most challenge your company's ability to prevent and detect supply chain fraud, waste, and abuse?
How would you describe your organization's use of analytics to mitigate fraud, waste, and abuse risks in its supply chain?
The statements in this report reflect our analysis of survey respondents’ responses and are not intended to reflect facts or opinions of any other entities. All survey data, charts and statistics referenced and presented, as well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to the participating organizations and their responses to the Deloitte survey.
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