One of the most effective ways to deal with the problem of fraud is to adopt methods that will decrease motive, restrict opportunity and limit the ability for potential fraudsters to rationalise their actions. Prevention techniques include the introduction of policies, procedures and controls, and activities such as training and fraud awareness to stop fraud from occurring.
Any type of fraud can result from varied relationships between victims and offenders for instance
At Crowe, our team combines in depth knowledge of the business and market with extensive experience to prevent potential fraud risk. Our fraud detection and prevention strategy aims at designing an effective strategy to manage the risk of fraud. A sound ethical culture and an effective system of internal control are essential elements of an anti-fraud strategy.
Our diagnostic process mostly involves the following;