Our Fraud Mitigation system
Our team of advisors can help executive leadership by performing an organisational Fraud Risk Diagnostic Evaluation, which is the first step in determining an organisation's fraud readiness. This thorough, end-to-end process helps businesses both trigger necessary operational improvements and validate the current state of their existing fraud mitigation program.
An analysis of the following elements of an organisation's fraud mitigation program is part of our rapid and efficient approach:
- Governance and
Communication - Management Acceptance
of Responsibility - Identifying Key
Fraud Risks - Tolerance for and
Management of Fraud Risk - Environmental Level Monitoring
- Process Level
Monitoring - Anticipatory Fraud Detection and Investigation
Fraud Risk Assessment
Cocentric Services offers comprehensive approaches that help identify fraud risks, implement stricter controls, and guide corrective actions. A stronger fraud framework will not only help your organisation prepare for and protect against fraud but also guide the development of a response plan in the event that fraud risk reaches unsafe levels. By conducting a Fraud Risk Assessment, our advisors can assist your organisation in identifying and managing the risks of fraud. Throughout the process, we collaborate with management to develop a customized fraud risk assessment.
We offer:
- Comprehensive, hands-on fraud training and education
- Policies and procedures for managing the risk of fraud
- Overall fraud governance, including oversight of fraud roles and responsibilities
- Monitoring and testing for fraud across the first, second, and third lines of defense
- Tracking activities to ensure that fraud risk activities are consistently assessed and mitigated
- Complete assessment of relevant fraud risks, such as implicit and residual risk factors
- Fraud
Activities Management
Timely Service Delivery & Swift Incident Resolutions!
Our main goal is to provide the best possible service to our clients—we provide the answers each of them seek with the level of care all of them deserve thanks to our commitment to thought leadership and knowledge management.
Rising to the challenge
Our suite of services are designed to assist you in addressing your most pressing sustainability issues and realizing the competitive advantage and impact that sustainability can provide.
