Fraud & Risk Management Strategy
Fraud Risk Management Services for Small Businesses
Our Fraud Risk Management service is designed to help small businesses proactively identify, assess, and reduce their exposure to fraud. Whether you’re concerned about employee theft, billing fraud, or vendor manipulation, we provide expert guidance and tools to protect your assets and reputation.
1. Initial Fraud Risk Assessment
- Review of your business operations, accounting practices, and internal controls.
- Identification of high-risk areas (e.g., cash handling, payroll, vendor payments).
- Interviews with key personnel (optional) to understand current practices.
2. Internal Controls Review
- Evaluate segregation of duties, approval processes, and recordkeeping.
- Spot weaknesses in purchasing, expense reimbursements, and bank reconciliations.
3. Fraud Exposure Report
- Written report summarizing identified risks, real-world examples of how fraud could occur, and the potential financial impact.
- Practical, tailored recommendations for fraud prevention and detection.
4. Policy and Procedure Recommendations
- Suggestions for anti-fraud policies (e.g., whistleblower policy, code of conduct).
- Guidance on employee screening and vendor due diligence.
5. Optional Add-ons (for an additional fee):
- Employee anti-fraud training sessions.
- Follow-up implementation assistance.
- Spot checks or mini audits after 3–6 months.
Pricing
One-Time Fee for Small Businesses
Basic Plan
$1,000 – $2,500
- For businesses with fewer than 25 employees and straightforward operations.
Enhanced Plan
$2,500 – $4,500
- Includes a deeper dive into transactions, interviews with staff, and policy drafting.