Support for executive and line management
- Review and challenge the existing "fraud risk spectrum" to assure a common, comprehensive, agreed approach and appropriate involvement of the audit committee in the fraud and misconduct risk assessment.
- Determine the probability, size and potential impact of frauds, before assessing the costs and benefits of different solutions.
- Assess your organisation’s culture and management style and the adequacy of systems and monitoring controls.
- Develop, together with your team, cost-effective solutions that meet your business objectives and fit your organisation’s culture.
- Implement targeted fraud auditing procedures, including the use of data mining tools.
- Implement processes to identify red flags for fraud and misconduct as well as a set of methods of performing a robust investigation, including coaching your team.
Implement an e-discovery process and help you improve your procedures for whistle blowing.
- Provide fraud prevention trainings and fraud awareness workshops to management and dedicated staff.
Support for the audit committee and management in fraud prevention
- Define the roles of the functions, like legal, compliance, human resources, external and internal audit and of the audit committee.
- Assist you in communicating cases of fraud and provide support when issues are uncovered.
- Define the process for receiving and retaining information and help you to react appropriately when incidents involving suspected improprieties arise.
- Ensure an independent management process is defined for reviewing incidents to make sure challenges can be effectively answered.
- Offer special board advisers who can be consulted on the potential risk of fraud and misconduct attached to strategic decisions.