Fraud risk management
You don’t want to think it can happen to you. You want to believe you can trust your employees, colleagues, clients and suppliers. But sometimes it’s something a business owner has to face: Fraud.
If it does happen to you, the best thing you can do is to bring in a team of professionals that will help you face the situation head-on.
Fraud can be committed in a variety of ways: corruption; misappropriation of assets; misleading or falsified financial statements; reviewable transactions in a bankruptcy; falsified insurance claims; you get the picture…
Dealing with any type of fraud can be complicated and time-consuming and will distract you from running your business. Fraud and its aftermath can have a negative impact on your reputation, company morale and your bottom line.
Our fraud and financial investigation mandates are executed with discretion, sound judgment and in a timely manner. Our investigation strategies and analysis will identify whether a fraud has occurred. Working with your legal advisors, we will gather evidence and assist in interviews and examinations of the relevant parties. If required, we can assist in executing an Anton Piller order. Our methodical and targeted approach will determine how the fraud was perpetrated and will quantify the losses incurred, while working with you and your legal team to determine appropriate remedies to be taken.
We hope it never happens to you. But if you suspect that a fraud has occurred, you can trust our team of specialists to find the answers that will protect you and your company and let you get back to running your business.
Meet our expertsThe people behind the expertise.
Vimal KotechaMBA, CPA, CA, CBV, CFF
Food for thoughtWhat’s in the news & what you need to know.
According to the “2020 Report to the Nations Global Survey” published by the ACFE, “Fraud is a global problem affecting all organizations worldwide”. Certified Fraud Examiners estimate that organizations lose 5% of their revenue to fraud EACH year. Protecting your business against sophisticated, persistent and constantly evolving fraud attacks is one of the greatest challenges […]Click to read more.
According to the “Pulse of the Internal Audit 2020” published by the Institute of Internal Auditors (IIA), “less than half of respondents say their functions devote any portion of the audit plan to third-party relationships”. Ironically, the survey also indicates growing concerns about third-party risks from Chief Audit Executives… As organizations rely more and more on […]Click to read more.
Stepping Back to Reposition: Is it Time to Re-evaluate IA’s Value proposition?.
If it’s been said once, it’s been said one hundred times: the current pandemic and its impacts are unprecedented. In one way or another, all organizations have been affected, given the profound social and economic disruptions COVID-19 has caused. To adapt, organizations may need to rethink part, or all their current business models to maintain […]Click to read more.
A holistic approachfocused on you
Whether for business or personal; with one challenge or our full suite of services, Richter’s approach is always strategic, insightful and all-encompassing. Guided by our values and rooted in trust, we’ve helped clients thrive for over 90 years.