Fraud Risk Assessment
A practical starting point
Which gaps in your financial controls deserve attention first?
A small team may rely on one person to create a supplier, approve a payment, and reconcile the account. That concentration of access creates a control question even when there is no allegation of fraud. Risk assessment focuses on where errors or abuse could occur and remain unnoticed.
We review transaction workflows, approval responsibilities, system access, and evidence of supervisory review. Recommendations should fit the size of the organization: a compensating owner review may be more practical than an elaborate approval structure. An assessment is not a guarantee that fraud is absent or impossible.
What to agree before work begins
Prioritize control gaps by exposure and practicality. Assign an owner and review date to each proposed change so the report becomes an implementation plan.
What we handle
- Internal control evaluation
- Fraud vulnerability and risk scoring
- Segregation-of-duties review
- Policy and procedure recommendations
- Ongoing monitoring guidance
Common questions
We're a small business, are we really at risk?
Small businesses are often most at risk because they lack segregation of duties. A focused assessment can dramatically reduce exposure.
What do we get at the end?
A prioritized report of vulnerabilities and concrete, practical control improvements you can implement right away.
Related forensic accounting services
Let's discuss the work you need.
Tell us about your situation, the records you have, and any deadlines. We will discuss the right scope and next steps before an engagement begins.