According to the Association of Certified Fraud Examiners (ACFE) “Report to the Nations” survey, organizations lose 5 percent of their revenue each year to fraud.
The downturn in the economy has also fueled opportunities for internal fraud to increase, and not all organizations have implemented the right controls needed to protect themselves.
SC&H Group recently launched a new online assessment to help organizations identify signs of internal fraud and areas of vulnerability, as well as aid in building strong fraud response plans to minimize any current and future risks.
Hosted by SC&H Group, the Fraud Risk Assessment Decisionaire provides organizations with the insights needed to examine such areas as checks and balances, behaviors and procedures in their organization.
“Fraud happens regardless of the size of the company,” said Joe Freiburger, Director of SC&H Group’s Risk Management practice, in a recent press release. “That’s why organizations must address the issue or face possible financial losses and risk to their reputations.”
Working with public and private organizations, SC&H Group’s Risk Management professionals take a tailored, detailed and practical approach to mitigating fraud and risk. The team leverages the breadth of SC&H Group’s organizational resources to provide guidance that will maximize business value through identifying key fraud areas.