Fraud risk management | Nyansa Africa

Fraud is a persistent and significant problem faced by all companies and organisations.

Increasingly, regulators, board members, audit committee members, independent auditors, investors and other stakeholders are asking executive management more pointed questions about how they are responding to fraud risk.

Businesses lack a consistent, well thought-out and coordinated program that nstrates an understanding of key fraud risks and their potential impact as well as an effective plan to mitigate and monitor the controls over these risks.

BENEFITS

An anti-fraud programme will help executive management to address fraud risk by assessing each element of the company’s anti‑fraud defences, identifying opportunities for improvement, providing a process for implementing the improvements, and helping management understand how to monitor the effectiveness of the programme going forward.

We believe that a robust anti-fraud programme will:

Help prevent fraud and avoid the related costs

Facilitate early detection of fraud events to help mitigate the effects

Augment the business brand

Increase confidence of major stakeholders

Limit unpleasant surprises that affect reputation, credibility, and share price

Reduce the risk of non-compliance with laws and regulations and protect the business from regulatory authorities

OUR APPROACH

We have developed an approach to fraud risk management that can be tailored to suit particular client needs, be that a broad-based review or addressing particular concerns. This approach addresses the three main objectives of robust fraud risk management: Prevent, Detect and Respond.

What we can do for you:

An independent and objective assessment of your anti-fraud programme’s strengths and weaknesses.

Practical recommendations on what could be done to help strengthen and improve your anti-fraud programme.

Experienced professionals from forensic accounting, forensic IT (including data analytics) and compliance backgrounds, who will work with you to help you improve your organisation’s anti-fraud capabilities.