FRAUD RISK MANAGEMENT

Definition of Fraud:

Fraud is the use of deceit to obtain an advantage or avoid an obligation. Risk Management is the systematic application of management policies, procedures and practices to the tasks of identifying, analysing, assessing, treating and monitoring risk.
 
Risk may be identified as - the chance of something happening that will have an impact upon objectives. It is measured in terms of consequences and likelihood. In other words identifying and preventing a problem from happening before it becomes a serious issue.
 
The purpose of Fraud Risk Management is to provide Chief Executives, Managers, and general administration staff with a process for responding to and dealing with possible fraud or over servicing which may arise during the general administration and day to day running of any business. Our goal is outline a methodology by which risk of fraud can be identified, analysed and assessed and a process is provided, along with appropriate monitoring and review processes.
 
Fraud risk management is recognised as an integral part of good management practice.

Good fraud risk management includes:

  • Fraud risk management is part most successful business practices.
  • Fraud risk management policies have the active support of the Chief Executive and senior management.
  • Good fraud risk management has regular reviews of procedures, delegations (financial or administrative).

Our services will help your business identify, assess and manage the Risk. The result of implementing a Fraud Risk Management Plan is a more efficient and productive workplace.

Most legal firms offering legal assistance to companies concerning Fraud Management have no real hands on experience. Banq Lawyers work very closely with a number of ex Fraud Squad specialists of the NSW Police Force. So when you employ our services you receive real hands on and professional experience.

This is very much a team effort and while our Fraud Specialists physically visit your premises they work closely with our team of lawyers to secure maximum results and workplace efficiency.

At Banq Lawyers we will supply you with on going legal and on hand Fraud Risk management support in order to secure the ongoing success your implemented Fraud Risk Management Plan.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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