Fraud Risk Assessment

Fraud is a risk to every organization whether large or small. Organizations should periodically assess their potential exposure to fraud and determine if their exposure is mitigated through their internal controls.

A fraud risk assessment needs to be done by any organization to systematically identify where and how fraud may occur and who may be able to commit fraud. A fraud risk assessment will measure the detective or preventative controls to ensure they are designed and operating effectively.

We help organizations accomplish the following objectives by doing a fraud risk assessment:

  • Identify specific instances of fraud within the organization.
  • Address and detect fraud risk proactively rather than reactively.
  • Deter potential fraud perpetrators through its existence and communication to executives and employees.
  • Centralize the organization by actively discussing and monitoring risk and controls.