Fraud continues to be a hot topic, with high-profile cases spotlighted in the media, frequent speaking engagements lined up for our fraud team, and clients contacting us regularly for advice on how to stop fraud from happening at their organizations. The concerns are often the same:
The unfortunate truth is that there’s no “silver bullet” when it comes to combating fraud. In order to reduce the risk, your organization should implement a layered approach focused on prevention, detection, and response.
If you’re not currently thinking about fraud risk in your organization, now is the time to start. Don’t wait until you see red flags signaling that fraud could be in progress. Every company can benefit from proper planning long before fraud is initiated and/or discovered.
The following resources are available to help you navigate fraud risk, prevention, detection, and response:
P&N’s fraud, waste, and abuse team has published several articles about understanding and addressing fraud risk:
If you're looking for more interactive resources, we recommend taking the ACFE Fraud Prevention Check-Up to find out where your gaps are, and downloading the P&N Fraud Webinar Recording and printable guide to grant fraud, waste, and abuse.
Our fraud team is frequently booked speaking engagements, such as the 2019 LANO Annual Conference and Texas State Auditor's Office 2019 Auditor's Conference, to explain the real risk of fraud, best practice internal controls for consideration, and how to create a layered approach to prevent, detect, and respond. Look for us at upcoming conferences as well.
Our team is always ready to discuss your organization’s unique situation and needs. Contact us to start a conversation about what an anti-fraud plan should look like at your organization.