Fraud Detection
Next to up to date control and risk documentation available for everyone involved (awareness), Fraud Management requires continuous monitoring. Given the potential impact on finance, reputation and reporting, fraud monitoring can no longer be an annual activity. Continuous Enterprise Risk Management (ERM) should include fraud too!
- Document and publish fraud risks, available controls and company procedures (awareness).
- Risk management to assess the areas of exposure and automated continuous monitoring.
- Report on fraud (detective) or high fraud risk (preventive) areas.
- Continuous monitoring of fraud and other enterprise risks allows you to act immediate and assure control.
Some Ba-PRO benefits
- efficient control documentation (e.g. Coso based framework, IFRS, Cobit) or upload from point solutions like Axentis, Excel, Open Pages, Paisley, Word.
- continuous control monitoring (automatic alerts and KPI’s) give you the up to date status of affairs.
- real time risk management (e.g. 5000+ SOD business rules included)
- fully integrated solution (control documentation, automatic monitoring, improvement process supported)
- most cost effective solution available; rapid implementation predefined business rules and control framework