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

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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].