fraud framework assessments


fraud framework assessments

An organization’s fraud management framework or Anti-Fraud Program and Controls (AFPC)–as it is commonly referred–are the entity-wide elements and ongoing processes that are designed to prevent and detect fraud.

nagel + associates works with clients to benchmark the various elements of their fraud management framework against industry best practices to identify potential areas where an organization may be exposed to fraud risk.  Recommendations for remediation of identified deficiencies will help clients be proactive.

How effective a company is at mitigating fraud risk, lies in its fraud management framework

The company’s assessment of its fraud management framework is a continuous process — as the organization grows, offers new products and/or services, expands overseas or enters into new partnerships.  Therefore, it’s important to reassess whether the current  corporate governance model is still effective at mitigating the risk of fraud.