Prevention of fraud

The current economic hazards, compounded by rising uncertainty and stress, may have a negative impact on the motivation of both rank-and-file staff and key members of a company’s management team. A company’s internal control systems may be outdated or insufficient, or may be constantly changing due to the changes taking place in the environment that businesses now have to operate in. This may encourage bad conduct on the part of some individuals that look for alternative ways of making up for the income they lost. This kind of an environment attracts higher levels of fraud and embezzlement.

Our inter-disciplinary team with international experience and innovative know-how will deploy state-of-the-art technology to help you find a quick and effective response to such sensitive situations where the company and its reputation may be at risk.

Primarily, we assist our clients in preventing fraud in the following areas:

Financial reporting
Misstatement of fixed assets balances through concealment of certain facts
Illegal or non-authorized expenses, namely bribery or embezzlement
Transactions paid to the company’s own bank accounts, I/C transactions, distribution of latent profit shares
Violation of law

Our services aimed at preventing and resolving fraud and embezzlement include the following:

Advisory services in the area of fraud prevention and risk analysis
Implementation and upgrading of internal control systems and strategies for prevention of fraud and embezzlement
Implementation of whistleblowing solutions
Forensic audits; if required, such audits may be supported by forensic data analysis
Presentation of evidence, incl. electronic evidence
Dispute resolution and representation before courts by our interdisciplinary teams
Preparation of expert opinions for court purposes