Fraud Control is increasingly being viewed as a governance issue and an important consideration in an organisation’s overall risk management framework.

There is a growing link between fraudulent behaviour and an organisation’s internal control environment.  If not properly managed, fraud can occur and severely damage the organisation’s business reputation, as well as its bottom-line.

We have substantial experience in helping organisations manage their exposure to fraud and misconduct, including:

§         conducting fraud risk assessments as part of an organisation’s wider control risk framework;

§         designing and implementing Fraud Control Plans, including providing advice on, and assistance with fraud prevention measures;

§         providing advice on fraud detection measures such as data mining and data analysis;

§         assisting organisations identify suspicious transactions using data mining techniques;

§         providing fraud awareness training, including training on investigative techniques and procedures; and

§         assisting organisation review their internal control procedures in the context of fraud risk.

Fraud Risk Management Brochure

This capability is further enhanced by our considerable investigation experience into fraudulent behaviour and corporate misconduct – this experience gives us a valuable insight into understanding how and why fraud, corruption and misconduct occur.

McGrathNicol Forensic also provide our clients with an independent and dedicated 1800 toll-free telephone reporting line designed to assist clients implement proactive measures to prevent fraud and misconduct.

Some examples of our recent fraud risk management experience include:

Nature of work	Industry Sector & Outline
Fraud control planning	Financial Services - preparation of an enterprise wide fraud control plan and whistleblower protection program.
Fraud risk planning implementation	Industrial Markets - review of the company’s fraud exposure in respect of its accounting department, and  the preparation of a fraud control program.
Misconduct hotline	Retail - implementation of an independent fraud and misconduct reporting function for a major Australian retailer.
Fraud Risk Review	Financial Services - undertook a fraud control review in relation to the credit card operations of the business.
Whistleblower protection.	Retail - implementation of an enterprise wide whistleblower protection program for a listed Australian business.
Ethics and integrity consulting.	Government - detailed analysis and review of the integrity framework within a major government agency, stakeholder consultation and redevelopment of the integrity framework.
Fraud Risk Assessment.	Financial Services - undertook more than 30 fraud risk assessment reviews across a range of financial services sector organisations , involving an assessment of fraud risk and mitigating controls.

 

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