These days, companies from all types of industries are coming up with their own anti-corruption compliance programs; but how do we know when an anti-corruption compliance program actually works as it is supposed to?
Most companies we?ve spoken to wanted to have some sort of an alarm system that would let them know when their fraud control measures have detected fraudulent activity. Although that sounds great, we often tell clients that what they would truly want are alerts and not alarms.
Organizational fraud is everywhere, and it is costing businesses trillions of dollars in annual loses. As we?ve mentioned before, fraud can and does occur at all levels and at all types of organizations.
Are you aware that by using data analytics software, companies can scan their internal data and look for analogous patterns in a span of minutes? With this technology, reducing the cost of fraud and detecting it is made a lot easier, cheaper, and more efficient.
Some would say that internal audits is just another one of those ?useless? things every organization is supposed to do, but the truth is, conducting internal audits is an essential tool for fraud control!
Haven?t you wondered why cases of occupational fraud seems to be on the rise these days? What changed and how will this change affect the future of today?s organizations?
What are the must haves of a sound fraud risk prevention program? This question is often asked from us by our clients and small wonder why. Every organization needs one!
With our years of experience in investigating cases of occupational fraud, we?ve proven that it is often the case that a suspected perpetrator of fraud is indeed guilty. After all, there won?t be any smoke if there isn?t fire, right?
It is often a baffling question how fraud can happen in your organization; and if you?re asking this question, you?re one of the thousands of executives, managers, and business owners who want to find out how and why fraud happens. So how does fraud happen? What contributes to it? What are the signs it could be happening in your organization?
We?ve been talking about occupational fraud, its detection, and prevention for the past few blogs, but not everyone may be aware what the term means and how their organization is vulnerable to it.
