Anti-fraud Program Assurance

We provide peace of mind for those charged with governance and oversight

 

While some organizations continue to believe that “it can’t or won’t happen to us”, others have realized that the potential damage that fraud or corruption can cause to the bottom line and reputation cannot be ignored. Breakwater’s seasoned anti-fraud professionals can give you peace of mind and assurance that fraud and corruption risks are addressed in accordance with corporate expectations. This means no surprises.

In this current environment of increased regulation and risk management requirements, boards and management need to ensure that they can show proper due diligence over the potential for fraud and corruption within their organizations.

Breakwater employs a collaborative approach to fraud risk management program assessment by involving staff in the identification of fraud risk scenarios. While the focus of the fraud risk management process can be tailored, we recommend that each of the primary categories of fraud be considered:

• Fraudulent Financial Reporting
• Asset Misappropriation
• Corruption

Breakwater will work with management and staff to document and assess the five key areas of a mature anti-fraud program:

• Entity Level Controls (Environment)
• Risk Assessment
• Process Controls
• Control Remediation processes
• Monitoring