- Assessing needs based on the nature of fraud and misconduct risks and existing controls
- Designing ethics and compliance programs and related anti-fraud controls in a manner consistent with regulatory criteria and industry practices
- Implementing programs and internal controls to prevent, deter, and, if necessary, detect fraud and misconduct
- Evaluating program and control effectiveness in achieving stated objectives.
An effective approach to fraud risk management can help companies avoid financial losses flowing from fraud and misconduct, such as:
- Fines and litigation costs
- Losses from theft, waste, and abuse
- Loss of valued customers, employees, and suppliers
- Damage to reputation and goodwill
- Adverse shareholder, media, and community relations
- Detraction of attention and resources from strategic objectives
- Erosion of market confidence and trust.
Our Fraud Risk Management Services include misconduct risk assessments, the design of compliance programs and internal controls, and advising on continuous transaction monitoring; these services are designed to be targeted, scalable, and tailored to identified objectives and needs.
Please contact John Williams, Derek Rostant, Peter Armstrong, Victor Duret or Stephan Drolet for further information.