Fraud Assessment

The COSO 2013 Framework requires companies to consider the potential for fraud in assessing risks to the achievement of its objectives. In evaluating the risk of fraud, companies are required to consider various types of fraud, such as incentives and pressures, opportunities, attitudes, and rationalizations. Our team:

  • Identifies the wide-ranging types of frauds
  • Identifies examples of specific fraud schemes for each type of potential fraud
  • Identifies the company’s activity-level and entity-level controls
  • Assesses the relative probability and potential magnitude of the identified types of fraud
  • Assists with the design of potential enhancements to help mitigate the risk of fraud

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