Fraud Risk Assessment

PRIMARY CONTACTS:
James B. Yard CPA, CIA, CISA 
Joel M. Rosenthal CPA, CVA, CM&AA

A strong fraud risk management program will help prepare for, protect and enable your organization to develop a response plan in the event fraud risk elevates to unacceptable levels. 

Schneider Downs can help your organization identify and manage the risks of fraud by performing a Fraud Risk Assessment. During the process we work closely with management and create a tailored fraud risk assessment to meet the needs of your organization.  
 

Fraud Risk Assessment Methodology
 

The following key areas are assessed during an assessment: 

  • Overall fraud governance including Board and Senior Management oversite
  • Fraud roles and responsibilities
  • Fraud risk management policies and procedures
  • Comprehensive fraud training and awareness
  • Fraud risk assessment, including inherent and residual risk factors
  • Fraud assessment rating criteria in order to appropriately prioritize key fraud risks
  • Anti-fraud control activities
  • Fraud monitoring and testing activities over the first, second and third lines of defense
  • Overall program monitoring activities to ensure that fraud risk activities are continuously assessed and mitigated

Ready to get started?

Contact us to learn more about our Fraud Risk Management services.

About Schneider Downs Risk Advisory 

Our team of experienced risk advisory professionals focus on collaborating with your organization to identify and effectively mitigate risks. Our goal is to understand not only the risks related to potential loss to the organization, but to drive solutions that add value to your organization and advise on opportunities to ensure minimal disruption to your business.

Explore our full Risk Advisory Service offerings or contact the team at [email protected].

case studies
 
                                    Company impacted by ransomware.
big problem:
Company impacted by ransomware.
big thinking:
Restore system on-site and avoid six-figure ransom.
 
                                    Inefficient tax credit realization.
big problem:
Inefficient tax credit realization.
big thinking:
Identified a $900,000 tax credit, nearly twice as much as prior years.
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