Having a reputation for integrity is crucial to safeguarding market confidence and public trust. Unfortunately fraud and misconduct can seriously undermine such efforts. The area of Fraud Risk Management is increasingly attracting mainstream attention as various stakeholders have begun to comprehend the negative effects of uncontained risk. A strong anti-fraud stance, risk assessment, proactive and comprehensive approach to combating fraud is now gradually becoming a pre-requisite and any organization that fails to protect itself appropriately, faces increased vulnerability to fraud.
One of the greatest requirements of modern times is to understand the risks and increase the preparedness and ability to nip fraud and wrongdoing in the early stages. Fraud risk assessment expands upon traditional risk assessment, it is scheme and scenario based rather than based on control risk or inherent risk.
To assist management in assessing, improving and monitoring internal control structure with Fraud Risk Management, we help organisations create an FRM framework as a component of their overall risk management strategies, with the framework including various policies, procedures, tools and mechanisms for prevention, detection and investigation of fraud. No system of internal controls can fully eliminate the risk of fraud though well-designed and effective controls can deter it.
Merlin Infinite | Room No. 1204 | 12th Floor | DN-51 | Sector V | Salt Lake | Kolkata-700091
Martin Burn Building | Room No. 308 | 3rd floor | 1, R. N. Mukherjee Road | Kolkata - 700001