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THE
ASSOCIATION OF CERTIFIED FRAUD EXAMINERS’
 FRAUD
PREVENTION CHECK-UP
TAKING THE CHECK-UP CAN HELP...
It
could save your company from disaster. Fraud can be a catastrophic risk. If you
don’t proactively identify and manage your fraud risks, they could put you out
of business almost overnight. Even if you survive a major fraud, it can damage
your reputation so badly that you can no longer succeed independently.
Fraud
is an expensive drain on a company’s financial resources. In today’s
globally competitive environment, no one can afford to throw away up to 5% of
revenues that represents the largely hidden cost of fraud. Those businesses that
have identified their most significant fraud costs (such as insurance and credit
card companies) have made great strides in attacking and reducing those costs.
If a company isn’t identifying and tackling its fraud costs, it is vulnerable
to competitors who lower their costs by doing so. Fraud is now a common risk
that shouldn’t be ignored. The incidence of fraud is now so common that its
occurrence is no longer remarkable, only its scale. Any company that fails to
protect itself appropriately from fraud should expect to become a victim of
fraud, or rather, should expect to discover that it is a victim of fraud.
Taking
the Fraud Prevention Check-up, developed by the Association of Certified Fraud
Examiners, is the least expensive way to find out your company’s vulnerability
to fraud. Most companies score very poorly in initial fraud prevention checkups
because they don’t have appropriate antifraud controls in place. By finding
this out early, they have a chance to fix the problem before becoming a victim
of a major fraud. It’s like finding out you have seriously high blood
pressure. It may be bad news, but not finding out can be a lot worse.
The
cost of taking the check-up depends on the size of your business;
LIMITED
SPECIAL OFFER FOR WESSEX FSB Members with 5 employees or less - £50 plus VAT
£250
plus VAT for companies with 5 employees or less;
£350
plus VAT if you have between 6 and 50 employees;
£500
plus VAT for companies employing 51 or more (UK entities only).
It
involves you or a senior manager who is well acquainted with your systems,
processes and policies going through a series of questions which are
‘scored’. There is no ‘pass mark’ but after scoring I will report to
you; areas of vulnerability; make recommendations to mitigate risk; and identify
any specific actions required.
If
you want to mitigate the risk of exposing your business to fraud, start by
calling call 01794 389598 to book an appointment to start the process going.
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