Fraud Risk Management

Organizations are facing momentous new challenges when it comes to managing fraud risks in today’s world. Fraud not only present a range of financial damages to an organization, but an incident of fraud can also challenge market, investor and client confidence, and expose the business to legal and reputational upshots that can be difficult to recover from. The prevention and detection of fraud within a company is primarily the responsibility of management. Along with other members of the corporate governance and reporting ecosystem, auditors also play an important role in detecting material fraud.

Companies have never been as data-rich as they are nowadays, potentially providing entirely new opportunities to detect material frauds through data mining, analysis and interpretation. Our experts are ideally placed to do this.

How we can help you with Fraud risk management

Crowe’s Fraud risk management team assists the organization,

• In identifying and understanding the risks to its business and weaknesses in controls that present a fraud risk to the organization.

• And to mitigate the identified fraud risks by instituting controls or procedures and assigning individual responsibilities to monitor and effectuate the plan of mitigation.

• Mapping existing internal controls to the relevant fraud risks and evaluation of whether they are operating effectively and efficiently;

Our fraud investigation team with experience gained in conducting high-profile fraud investigations assists your organization in mitigating the risk of fraud. Our team worked with many leading organisations to establish strong fraud mitigation programs and internal controls.