Fraud: Is Your Organization At Risk?
FACT: Your business will experience some degree of fraud.
FACT: You're probably not doing all you can to keep your money.
Arcane's Fraud Risk Assessment
Our process to help you identify your firm's vulnerability to fraud is an organizational development intervention called a Fraud Risk Assessment seminar. It is an in-depth examination designed to help your business zoom in on areas of fraud risk.
Our Analyst leads your team through a structured framework that identifies your internal and external business processes that are historically prone to the dangers of fraud.
Our Analyst will review the results of the assessment with you to:
- Identify inherent fraud risks
- Determine the likelihood and significance of those risks
- Evaluate which departments are most likely to commit fraud and identify likely methods
- Identify and map existing preventive controls to fraud risks
- Evaluate the effectiveness and efficiency of your controls
- Identify and evaluate residual fraud risks resulting from ineffective or nonexistent controls
Strategy with Results
The Arcane Investigations Fraud Risk Assessment may reveal certain fraud risks that have not been adequately, properly, and permanently mitigated due to lack of appropriate preventive and detective controls. Our Analyst will work with you to develop mitigation strategies for any residual risks with an unacceptably high likelihood or significance of occurrence. Responses will be evaluated in terms of their costs versus benefits and in light of your organization's level of risk tolerance.
Seminar Scope
Depending on your desired depth of review and the size of your organization, Arcane offers one, two, or five day seminar packages.
Business Insurance
We recommend you check with your insurance carrier to see if they offer a discount for using Arcane Investigations' seminars to assess and help in mitigating your ongoing fraud risk.
Who's at Risk?
Your organization is at risk for fraud if you:
- Handle cash
- Accept credit cards
- Sell a product
- Own company vehicles
...if it can be abused, you are at risk!