Fraud in the context of your organization

Fraud in the context of your organization is deceit, breach of confidence perpetrated by individuals external or internal to your organization with the ultimate aim of deriving profit or gaining some unfair or dishonest advantage.

Fraud risk is the vulnerability that an organization faces given that the opportunity exists, there is pressure to commit fraud and there is rationalization to commit fraud.

Do you have enough controls in place to mitigate or reduce the opportunity to commit fraud?

Whilst your organization may not be able to prevent the pressure and rationalization to commit fraud as these relate to individuals’ personal decisions.

Your organization can implement systems and controls to reduce the fraud risk opportunities.

Systems could be methods that are implemented to identify, detect, reduce or mitigate the fraud risk.

At Austin Professional Services, we are able to help your organization to implement the required systems that will reduce the fraud risk opportunities.

Call us at 876-7964245