CFE, CII, FCIISCM, CATS, CCPS, CFAP
CFE, CII, FCIISCM, CATS, CCPS, CFAP
Associate Director - Financial Investigations
Fraud and financial misconduct are an undeniable reality of the modern globalised business landscape. The average U.S. organisation incurs an estimated 5 per cent loss to its annual revenue due to frauds. As a result, businesses are increasingly interested in fraud risk assessment and management to help protect the bottom line. Furthermore, regulators are increasingly demanding more active, global management of fraud risk.
In the wake of high-profile corporate scandals, and new stringent laws and regulations, business executives are increasingly pushing for organisation-wide policies, programs, and controls to address fraud and misconduct.
By leveraging our knowledge and in-house expertise of the fraud risk facing today’s enterprises, we can assist our clients with identifying the business areas prone or vulnerable to fraud and misconduct. We can also help clients assess and prioritize their fraud risks and attach meaningful anti-fraud actions to help mitigate risks and enable effective and consistent fraud prevention.
Fraud investigation, basically, refers to the process of examining whether the scam or fraud has taken place and collecting evidence to save the interest of the victims involved.
For a better understanding of fraud investigation, let us understand what fraud is. Fraud can be defined as misinterpretation or misappropriation of things with an intent to deceive people. For example, if certain companies make some claims about features of their product and the product does not work in a similar way, then it is a fraud with its consumers. Fraud can make people lose their money, causes injury, or it can even lead to their death. Fraud investigation can be both internal and external to find the real culprit behind the act of fraud.
Fraud in organisations is nothing new. Robbery and criminal activities in the business are as old as the business itself. But with the advancement in technology, there are even more chances of corruption. With the increase in fraud, your organisation is exposed to considerable legal risk & loss of billions of dollars. Therefore, it is necessary to take action & protect your business. Need not worry; we are here with the fraud investigation services to supervise everything from corporate investigations to ongoing due diligence.
We, at Netrika, follow a very unique and novel approach & methodology in examining the fraud, detecting its trail, and, ultimately identifying the red flags from where the fraud originated. Our highly competent team of professional investigators are equipped with the knowledge, tools, and experience to get results for our clients. Our corporate investigation team examines both internal and external risk factors while conducting an investigation. We look for all impacts of the work environment & then provide customised solutions, continuity between strategy and activity.
At present, instances of fraud within the corporate sector are on the rise. It is an ever-growing serious issue that causes a lot of concern and poses massive problems. In many cases, corporate fraud can go on for years, totally unnoticed. On a large scale where the numbers involved are quite greater, it makes the task of fraudsters easier, being capable of covering up their tracks with tax evasion, money laundering and also cooking up financial reports. In instances like these, you will need to hire a fraud investigator to set the records straight. Know More
Rescue your business before fraud ends it. To obtain more information about our Fraud investigation services, you can contact us through calls, texts & email.
Our services can help risk and fraud risk assessment teams:
Netrika firmly believes that, by assisting the entities in developing & establishing significant Fraud Risk Management Frameworks it can help mitigating most fraud risks and thefts.
It is essential to identify the vulnerabilities to protect your entity or your organisation from all types of fraud. Our team of experts follows a sturdy fraud risk assessment protocol that includes the following methods:
1. Fraud Risks Assessment and Identification
Netrika follows a protocol that its team of experts develops meticulously. They include the steps for fraud risk assessment regarding operations, transactions, and the respective organisations' overall business model, policies and processes adopted.
2. Estimation of Fraud Risk Level
Risk quantification is essential; thus, Netrika uses the impact matrix to quantify the risk levels in High, Medium and Low categorys connected to the respective organisations' risk exposures and map the control gaps to provide independent insights to the management.
3. Fraud Risk Mitigation
After identifying the fraud risks, we suggest the topmost fraud risk mitigation strategies based on the industry best practices and international standards.
4. Review and Surveillance of Fraud Risks
Netrika focuses on developing sustainable processes to combat Fraud Risk in the future through its extremely collaborative models and projects that promote the transfer of skills and knowledge to the organisation's team members.