Fraud Risk Management Advisory

Our Fraud Risk Management services are designed to enhance your organization's understanding and assessment of potential fraud threats. We provide a comprehensive examination of your operations and transactions to identify vulnerabilities to fraud and misconduct. By conducting thorough fraud risk assessments across both corporate and public sectors, we evaluate internal and external risk factors. Our tailored strategies are implemented to fortify your prevention and detection measures, ensuring compliance with regulatory frameworks and reinforcing your ethical standing.

• With Deloitte’s Fraud Risk Management self-assessment, you can gain the insights you need to protect your organization against fraud and misconduct.

ABAC Risk Assessments

In the fight against bribery and corruption, understanding and mitigating risks is paramount. Deloitte Forensic's anti-bribery and corruption (ABAC) Risk Assessments provide a detailed examination of your organization's operations and transactions to pinpoint vulnerabilities to bribery and corruption. For more information see our dedicated Anti-Bribery and Corruption offering.

Third Party Risk Assessment

Deloitte Forensic's Third-Party Risk Assessment is dedicated to identifying and managing compliance risks associated with third-party relationships. We conduct thorough analyses of various compliance risks, including anti-bribery, corruption, and export control. Through our enhanced due diligence services and comprehensive business intelligence reporting, we equip your organization to effectively navigate and mitigate the risks associated with third-party interactions, ensuring compliance and safeguarding your operations. For specific Third-Party Risk assessment and management offerings related to ABAC see Anti-Bribery and Corruption.

Policies and Procedures

Creating robust policies and procedures is vital for any organization aiming to effectively manage and mitigate a wide range of fraudulent activities. It's not just about having policies in place; they need to be well-suited to the specific fraud risks that your organization faces and must be tailored to its unique nature, size, and complexity. Our expert guidance in policy and procedure development ensures these elements are comprehensively addressed. We work closely with you to develop strategies that not only deter fraud but also enhance your organization's resilience and integrity, providing a strong foundation for compliance and ethical conduct across all operations.

Compliance Remediation

Our compliance remediation services involve a thorough analysis of your organization’s compliance program to identify its limitations and assess its maturity level. We conduct detailed evaluations to uncover potential unidentified risks, including anti-bribery and corruption maturity assessments. Our goal is to help you enhance your compliance framework, ensuring that it is robust, resilient, and aligned with regulatory standards.

Training and Communication

We assist organisations in embedding their policies and procedures effectively, ensuring that these practices are not only integrated into the organisational framework but also actively embraced by employees. Our training and communication strategies are designed to cultivate a culture where policies and procedures are consistently understood, adhered to, and reflected in daily operations.

Our training and communication support includes the following key aspects:

• Tailored training programs: We develop risk-based training programs that address the specific needs of your employees based on your organisation’s unique risk profile. Focusing on key areas such as compliance, ethical conduct, and operational procedures, these programs are designed to engage employees at all levels and foster a deeper understanding of organisational and regulatory expectations.
• Interactive workshops and seminars: Our workshops and seminars are designed to be interactive, encouraging employee participation and engagement. This approach helps reinforce the importance of policies and procedures, making them relatable and applicable to everyday work scenarios.
• Ongoing communication campaigns: We implement continuous communication campaigns that keep policies and procedures top-of-mind for employees. Moreover, this should also include regular communication about organisations’ position on addressing misconduct.
• Leadership coaching and development: We provide coaching and development for organisational leaders to help them manage the risk of bribery and corruption. By empowering leaders to model and reinforce desired behaviours, we strengthen the overall organisational culture.

To ensure the effectiveness of training and communication efforts, we establish feedback loops and evaluation mechanisms. This allows you to assess the impact of your initiatives and make necessary adjustments to enhance employee understanding and compliance.

Transaction Testing 

In the fight against bribery and corruption, transaction testing is crucial for effective risk management. Our specialized services aim to efficiently analyse large volumes of financial transactions to detect potential corruption risks and ensure compliance with ABAC standards. This service strengthens your compliance programs by testing the effectiveness of your ABAC framework. Our transaction testing approach is tailored to regulatory demands and your organization's specific risk profile, involving entity planning, risk assessment, and meticulous fieldwork. We use advanced analytics and manual checks to target high-risk transactions, focusing on the most vulnerable areas. For more information see our dedicated Anti-Bribery and Corruption offering. 

Integrity Risk Assessment 

Our Integrity Risk Assessment services are designed to identify actual integrity and compliance risks within your supply and disposal chains. This is achieved through enhanced value chain due diligence, ensuring that potential vulnerabilities are thoroughly examined. Additionally, we offer the option to implement Environmental, Social, and Governance (ESG) Risk Assessments within your Strategic Integrity Risk Assessment (SIRA) framework, providing a comprehensive view of risks and reinforcing your organization’s commitment to ethical and sustainable practices. 

Reporting mechanisms and whistleblower Implementation 

Organisations must establish a robust system for employees to anonymously and confidentially report actual or potential misconduct. This involves implementing effective whistleblower and case management systems as a single repository, ensuring reliable and accurate management information on past cases and real-time updates on active cases. The focus is on verifying the effectiveness of reporting mechanisms and ensuring investigations are professionally scoped and monitored. By regularly analysing investigation findings, organisations can identify compliance weaknesses and enhance their frameworks. Providing clear guidance on compliance policies and implementing anti-retaliation measures, including training and incentives for reporting, are essential to fostering a culture of transparency and accountability.

Forensic Investigations 

Utilizing our global network, advanced technology, and seasoned professionals, we perform fact-finding investigations into complex potential distress and delicate reputational matters related to e.g. fraud, misconduct or corruption, efficiently. Leveraging the Deloitte Global Forensic Methodology, we uncover facts to support your organization in maintaining integrity and trust. With decades of experience, we provide holistic advice, safeguarding your brand and empowering you to navigate complex challenges confidently.

• Accounting Investigations 
  Our forensic experts assist you in navigating complex accounting issues and ensuring compliance with financial reporting obligations. We provide comprehensive support in your interactions with stakeholders, regulators, and auditors, and offer guidance in related follow-on litigation. Our services are designed to uncover the facts, resolve discrepancies, and safeguard your organisation's financial integrity and reputation. 
• Regulatory Investigations
  Deloitte Forensic provides essential support during and after regulatory investigations by facilitating the regulator’s investigation process on behalf of corporate and public sector organizations. When investigated by a regulator, we assist your organization in managing the investigation, providing and delivering data through our eDiscovery and analytics capabilities, and helping you to understand the scope of and facts underlying the inquiry. Our expert guidance ensures a structured approach, enabling you to effectively address the regulator’s concerns.
• Fraud Investigations
  When faced with potential internal or external fraud, our experts are equipped to conduct thorough and effective investigations, uncovering the truth and ensuring accountability. Whether it concern financial reporting fraud or asset misappropriation, we provide the necessary insights that help restore confidence, and prevent future occurrences, safeguarding your organisation’s value, reputation and trust.
• Integrity Investigations
  Our integrity investigations focus on uncovering unethical practices and conduct within your organisation. We are committed to helping you maintain the highest standards of conduct by identifying and addressing misconduct swiftly and effectively. Our approach ensures that your organisation's ethical principles are upheld, fostering a culture of trust and transparency. 
• ABAC Investigations
  In a world of increasing regulation and technology-driven corruption, threats to your business's reputation are more prevalent. When bribery or corruption suspicions arise, swift investigations are crucial. Deloitte Forensic offers expert ABAC Investigations, enabling quick and confident responses to regulatory concerns and internal fraud probes. For more information see our dedicated Anti-Bribery and Corruption offering. 

E-Discovery Solutions 

Collaborating with Forensic E-Discovery practices globally, our E-Discovery team has extensive experience in the collection, upload and management of unstructured data. Through sophisticated platforms and E-Discovery software we ensure that your data has been fully considered, robustly gathered and accurately reviewed in light of undertaking fraud investigations, conducting litigation or responding to regulatory requests. Hereby ensuring lower risk and expenses. 

Technology and Analytics 

Deloitte's Forensic Technology and Analytics team leverages cutting-edge technology capabilities to deliver analytic solutions to clients facing litigation and regulatory challenges. Through vast experience with interacting business systems and knowledge of data workflow, we are experts in data presentation and visualization, providing clear insights and supporting informed decision-making. We can deploy techniques that include AI and ML to find patterns in data, enabling further identification and weightings to a specific set of criteria based on a defined area of investigation. 

Open-Source Intelligence Services 

Open-source intelligence equips you with the ‘right information’ to mitigate the potential risk of fraud, corruption, and corporate misconduct. Our corporate intelligence team comprises of highly trained investigators and intelligence specialists with extensive experience in due diligence, litigation support, fraud and other investigations. Our services include: 

• Investigation support: Offering expert assistance in uncovering and analysing information pertinent to investigations. 
• Due diligence support: Providing thorough background checks and evaluations to ensure informed decision-making and risk management. 
• Risk assessments: Conducting detailed assessments to identify and evaluate potential risks, enabling proactive measures to safeguard your organization. 

Investigation Training 

Transfer of in-depth knowledge on performing internal fact-finding investigations into financial crime. Our series of Investigation Methodology training sessions leverage the Deloitte Global Forensic Methodology, ensuring participants gain practical insights and skills essential for effective investigation practices. These trainings empower your team to proficiently identify, analyse, and address financial crime within your organization, enhancing your internal capabilities to maintain compliance. 

Stakeholder Management 

Effectively capturing and communicating relevant stakeholder information is crucial during internal investigations. By utilizing information channels embedded within existing governance structures, we ensure that stakeholders are informed promptly. Timely responses to stakeholder inquiries are essential to maintaining trust and transparency throughout the investigative process. Our approach includes identifying key stakeholders, understanding their information needs, and establishing clear communication protocols. This ensures consistent and accurate updates, fostering confidence and cooperation. By prioritizing stakeholder management, we help organizations navigate complex situations with integrity, reinforcing relationships and supporting a culture of openness and accountability. 

BAC Framework Enhancement 

ABAC framework enhancement supports strengthening anti-bribery measures following investigations into bribery allegations, completing the cycle from prevention to remediation. For more information see our dedicated Anti-Bribery and Corruption offering. 

Crisis Readiness 

Designing and implementing systems that improve your preparedness for future crisis situations or situations of reputation damage. This could include financial crime simulations for the Board of Directors and the Supervisory Board.   

Root Cause Analysis 

In the aftermath of corporate misconduct or fraud incidents, understanding the underlying causes is essential to prevent recurrence and enhance organizational resilience. Our Root Cause Analysis services delve deeply into these incidents, identifying the factors and systemic vulnerabilities that contributed to the misconduct. By examining processes, controls, and organizational culture, we uncover the root causes of the issues, offering actionable insights to rectify them. This proactive approach supports the cultivation of a culture of integrity and accountability, ensuring that your organization builds and maintains stakeholder trust and emerges more resilient. Our thorough methodology involves comprehensive data analysis, stakeholder interviews, and process reviews to ensure that no aspect of the incident remains unexplored. Once the root causes are identified, we collaborate with you to develop tailored remediation strategies that address these underlying issues, fortifying your organization against future threats.