Fraud Examination and Dispute Services

The risk of fraud in organizations has dramatically increased in recent times due to the pressures caused by the financial crisis. Many organizations, however, appear reticent to devote resources, both physical and financial, to proactive fraud prevention and investigation. The main reasons for this is lack of awareness of how fraud can manifest itself in organizations and limited understanding of the nature and impact of fraud.

Fraud negatively impacts an organization in many ways; fraudulent activity can damage an organization’s reputation and undermine a company’s financial security. On its face, most individuals see the damage incurred by fraudulent activity measured in terms of monetary loss which, depending on the size of the fraud can be significant. However, the full cost of fraud is immeasurable in terms of time, productivity, and loss of reputation. Therefore, organizations must develop a comprehensive risk assessment program to ensure fraud risk is identified throughout the organization.

The impact of fraud can be devastating and results can have deep consequences for the marketplace, organizations, their employees, clients and suppliers. Financial losses arising from fraudulent activity may lead to redundancies, factory closures, loss of business opportunities or even business failure. Misappropriated funds might otherwise have been used to re-invest in the business, to build new facilities, create employment or develop better products and services.

Our Fraud Examination team led by Certified Fraud Examiners (CFE) offers knowledge and skills to:

  • Investigate allegations against one or more of your employees
  • Assess the fraud risks faced by your organization
  • Recommend and implement strong anti-fraud controls
  • Conduct interviews related to sensitive issues
  • Provide assistance with financial dispute resolution
  • Resolve irregularities discovered during your company’s audit
  • Provide expert testimony on financial and investigative matters

Fraud Risk Assessment and Prevention