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Mastering Fraud Prevention for Today and Tomorrow

Risk Approach

Research and analysis is key in understanding the current and future threats that might impact an organisation and its global supply chain. Once a risk picture has been developed, more accurate decisions can be made on an approach that best protects an organisation.

Developing an organisation's anti-fraud culture including areas such as procurement fraud and corruption training is integral and part of the foundation of any revenue protection and reputation risk approach.


Technology plays an increasing and important role within organisation assurance and the mitigation of risk from the collection and analysis of data, cyber security and crime reporting, to protect and audit of supply chains that includes mitigating counterfeit goods and materials being introduced.

Measuring development and performance is built into our engagement, from the introduction of a programme of awareness and training, to the use of technologies and identifying global technologies that will enhance an organisations performance and reduce their risk and enhance risk measurement.



Risk Planning

Initial assessment of current policies and procedures, systems and controls and expertise and capabilities in place to identify and mitigate risk including finance, procurement, quality and asset management.

Review of organisation counter fraud and anti-corruption policies and procedures and documentation including conflicts of interest, gifts and hospitality, codes of conduct and compliance procedures in place.

Assessment of communication and engagement within an organisation can help determine whether ethical issues are openly discussed and communicated and if individuals would feel safe or supported in reporting their concerns to line management.

Risk Assessment

Through the assessment of control measures determine whether there is adequate knowledge of procurement fraud typologies and methods and if there are sufficient control measures in place to identify and mitigate risk.

Determine the types of data sources that are created by an organisation and how they can be used to better identify procurement fraud.

Assessment of whether an organisation profiles the risk that it may be impacted by and how this is used to introduce control measures and organisation change management.

Map out data sources, risk management approach and identify stakeholders that would be involved in creating an annual procurement fraud risk assessment.

Prevention and Detection

How does an organisation document and monitor its risks and how does it  use this information in a reporting and change management process.

From its risk assessment and the verification in the effectiveness and implementation of control measures, clarify what should be in place given the level or risk within finance, procurement, asset management and compliance fields.

Review of current methods and techniques used to detect procurement fraud risk including control measures and non-compliance.

Assessing the flow of information within an organisation including decision making and change management where procurement fraud is suspected or identified is a valuable approach in determining adequacy of response and change management.

Change Management

Documenting ownership and responsibility of leadership, management and staff in the decision making and change management process where procurement fraud is identified.

From the data collected as part of the risk assessment, introduce long term risk identification and mitigation planning to enhance systems and controls, policies and procedures and expertise and capabilities.

Assessing the performance of a new framework that includes increased reporting, data collection, risk identification and non-compliance.

From the review of expertise and capabilities currently in place, recommend as part of an organisations response, increased awareness of policies and procedures, education of expertise and capabilities in the counter fraud approach and an individual’s role in identifying and preventing procurement fraud risk.

We are global leaders and set the international standard in procurement fraud risk mitigation

Risk Mitigation and Planning

Our risk mitigation frameworks and project risk planning backed up by exceptional expertise in the fields of anti-corruption and counter fraud, supply chain risk, quality assurance and forensic audit who have worked on small and large scale projects ensures that key risk areas and gaps in organisation controls are quickly identified and a route to risk mitigation is designed and introduced.

Recognising the transnational crime threats that impacts an organisation is an essential part of doing business in global environments.

Understanding the risks that can impact international supply chains whether from the exploitation of child labour, human rights abuses, illegal logging or the breadth of counterfeit goods and materials, recognising the nexus of these risks is essential in providing a solution to protect your organisation.

© 2019 Global Risk Alliance Ltd

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