Fraud Prevention and Detection
Ideally more effort is best placed on preventing fraud rather than cleaning up the after-effect. Rather than focussing on tackling the problem after it has occurred (most fraud investigations are in effect, a result of a failure of processes and controls), more effort should be focused on the deterrence and prevention of fraud.
The impact of fraud includes:
- Financial loss with a possible terrible impact on the business.
- Reduced morale.
- Wasted management time.
- Damaged reputation.
- Customers lose confidence in your business.
- Increased cost.
- Your business being used for other crime.
We can help you in the following ways:
- Recommend controls and procedures to protect against an outbreak or a recurrence.
- Reduce your losses.
- Review and appraise your susceptibility to fraud.
- Quantify the damage.
- Provide an expert report on the modus operandi to be used in court.
- Review whistle blowing strategies.
- Recover your property and losses.
- Devise training and awareness workshops.