Fraud Risk Assessments

Make changes today; protect your business for tomorrow.

In today’s corporate environment, the mentality of ‘it won’t happen to me’ is being replaced with the question, ‘how can I prevent this from happening to me?

Businesses are more susceptible due to poor controls in their operations or because of the structure they have established for handling particular transactions. Many individuals can commit fraud against any organization with a clever understanding of the company’s internal controls structure.

The SVA fraud risk assessment helps uncover those weaknesses and make recommendations to strengthen those areas.

The experienced SVA assessment professionals evaluate several key areas to identify potential problems.

They evaluate:

• Management and key employee job duties and known personal circumstances
• Physical controls in place to deter employee theft and fraud
• Conflicts of interest and susceptibility to corruption based on bidding processes in place
• Potential ability to conceal fraudulent financial reporting
• Susceptibility based upon circumstances and controls in place of:
  • Skimming schemes
  • Cash larceny schemes
  • Check tampering schemes
  • Cash register schemes
  • Purchasing and billing schemes
  • Payroll schemes
  • Expense schemes
  • Theft of inventory and equipment
  • Theft of proprietary information

What happens during a fraud risk assessment?

SVA fraud risk assessments are done primarily via interviews with key management positions and include actual systems testing. Upon completion, you are provided with a report of the findings.

Is it too late to prevent fraud from happening?

If you suspect fraud has already occurred in your business SVA’s forensic accounting services can help you find the truth in the numbers while our litigation support services help when you have to take the next step.