プラムフィールドアドバイザリー

FRAUD MANAGEMENT
FRAUD RISK
MANAGEMENT

FRAUD RISK MANAGEMENT

Fraud is defined by many organizations from different perspectives. According to SAS #99, fraud is an intentional act that results in a material misstatement in financial statements that are the subject of an audit. In Black’s Law dictionary, fraud is defined as “all multifarious means which human ingenuity can devise, and which are resorted to by on individual to get an advantage over another by false suggestions or suppression of the truth. It includes all surprise, trick, cunning, or dissembling, and any unfair way by which another is cheated.” The Australian Auditing Standard AUS 210 “The Auditor’s Responsibility to Consider Fraud and Error in an Audit of a Financial Report” defines fraud as “ an intentional act by one or more individual among management, those charged with governance, employees, or third parties, involving the use of deception to obtain an unjust or illegal advantage.” Although these definitions are not exactly the same, all of them point out the characteristic of fraud. Preventing fraud is the prerequisite for accomplishing organization’s goals. Nowadays, any fraud might cause organization to lose the reputation and the advantage of the core competency. Besides these, others negative impacts of fraud include financial loss, depletion of operational resources, increase of turnover rate of employment, etc. We, Plum Field Advisory, provide Fraud Risk Management Services to help our clients to deal with fraud issues from the stage of fraud prevention to the stage of fraud investigation.

Diagnosing fraud state through interview and questionnaires

Assessing fraud risk

Developing fraud Management strategies

Increasing employees’ knowledge and awareness of fraud

Enforcing the fraud responsibilities of management

Improving employees’ ethical behaviors

Designing and conducting fraud relevant trainings

Designing reporting hotline and red-flag mechanism

Introducing external audit

Designing and implementing fraud questionnaires

Analyzing unusual and extraordinary items

Formulating process of investigation

Investigating fraud cases

Drafting investigation reports

Please contact PFA anytime if your company is facing difficulty of executing any items listed above.
We PFA would be more than happy to solve your company’s problems and provide your company with the best solutions.