Fraud Risk Assessment and Management

Are your valuable assets at risk of internal or external fraud?

The Association of Certified Fraud Examiners estimates the average loss per company due to fraud is approximately seven percent of gross revenue. Even if the number is somewhat lower, can you afford to lose that revenue or have your reputation damaged? You could even be fined or serve jail time for failing to address the risk of fraud.  

Today, there’s also additional scrutiny on fraud. And the Department of Justice has increased its efforts in enforcement of the Foreign Corrupt Practices Act. For most organizations, it’s really not a question of if, but when, fraud will occur.

To address fraud risk, you need a comprehensive, formal program that includes specific risk assessments to identify malicious acts — the most effective tools in combating fraud.

Don’t wait until a fraud has occurred. The forensic accounting experts of Jefferson Wells will help you develop or improve your fraud detection and prevention program, from conducting a fraud risk assessment to investigating suspicious activities.

Financial Institution Regulatory Update Posted: December 15, 2009 Many financial institutions face supervisory pressure to improve their credit risk management and internal controls. If you’re a senior lending, risk or compliance professional who’s feeling the pressure, be sure to watch our Financial Institution Webcast. Watch Now! | Download Windows Media Version | Download QuickTime Version