In today’s corporate environment, business owners are continuously falling victim
to fraudulent activities resulting in significant, if not unrecoverable, financial
implications for their company. The mentality of, ‘it won’t happen to me’ is being
replaced with the question, ‘how can I prevent this from happening to me?
The answer is easy!
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 will help uncover those weaknesses and make recommendations
on what you should do to correct those areas.
The experienced SVA assessment professionals 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
The SVA Fraud Assessment will be done primarily via interviews with key management
positions and will include actual systems testing. Upon completion, you will be
provided with a report of the findings.