Fraud Investigations

Fraud Investigations and Investigations

 

 

 

 

Certified Fraud Examiner

The term ‘fraud’ commonly includes activities such as:

  • Theft
  • Corruption
  • Conspiracy
  • Embezzlement
  • Money laundering
  • Bribery
  • Extortion

Fraud essentially involves using deception to dishonestly make a personal gain for oneself and/or create a loss for another.

The risks of fraud are increasing with growing globalisation, more competitive markets, rapid developments in technology, and periods of economic difficulty.

Fraud surveys highlight that:

  1. Organisations may be losing as much as 7% of their annual turnover as a result of fraud
  2. Corruption is estimated to cost the global economy about $1.5 trillion each year
  3. Only a small percentage of losses from fraud are recovered by organisations
  4. A high percentage of frauds are committed by senior management and executives
  5. Greed is one of the main motivators for committing fraud
  6. Fraudsters often work in the finance function
  7. Fraud losses are not restricted to a particular sector or country
  8. The prevalence of fraud is increasing in emerging markets.

Despite the serious risk that fraud presents to business, many organisations still do not have formal systems and procedures in place to prevent, detect and respond to fraud.

From the perspective of a Risk Management Framework against Fraud, DeltaOne has the expertise to assist companies in implementing fraud prevention policies and procedures to mitigate their exposure to fraud.

Suspicions around fraudulent activity can be investigated by our experienced fraud examiners.

DeltaOne International is proud to employ and staff Certified Fraud Examiners (CFEs)

Save

Save

Save

Save

Save

Save