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Fraud Investigator

Protect - Respond - Analyze

Fraudulent activity is likely to occur in any business regardless of industry, size, or location. Fraud can be carried out by both internal (employees, managers, board members, etc.) or external (customers, vendors, etc.) stakeholders. When it comes to protecting your business, it's essential to invest in fraud prevention and detection. Regardless of the size or type of fraud, systems and control processes must be implemented to protect against or minimize the risk of fraud.

Internal and External

The Three Types of Fraud

  • Internal Fraud (or occupational fraud): fraud committed against an employer by an employee, manager, or executive. For example, personal gain through deliberately misusing company resources or assets.

  • External Fraud: fraud committed against a company by a customer, vendor, or other external organization. For example, vendors billing for goods or services not provided, customers returning stolen or fake items, or third parties hacking systems for sensitive information.

  • Fraud Against Individuals: fraud committed against unsuspecting individuals. For example, identity theft, phishing schemes, or Ponzi schemes individuals.

Fraud Investigator for Personal and Business

Fraud Risk Assessment

A fraud risk assessment identifies areas within the business that are most susceptible to fraud based on a key understanding of the organizational risks. Once the risks have been identified, a plan must be put into place by implementing controls and assigning an individual or team to monitor for unusual activity. If fraud is suspected, an internal audit of processes will flag any transactions warranting an investigation.

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