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SETTINGSTANDARDS
Our track record and global procurement fraud expertise makes us leaders in procurement fraud risk mitigation. Key staff led and designed the controls framework for the British Standard BS10501: 2014 Guide to Implementing Procurement Fraud Controls.
We have successfully tested our risk mitigation approach on small and large scale international projects identifying significant risks, introducing risk mitigation frameworks and strategy to protect revenues that would otherwise have been lost to illicit conduct.
RISKPLANNING
Education and awareness and an organisations ability to test and assess its governance, risk and compliance maturity are the foundation and starting point in building a platform to protect an organisation revenues. Our approach to identify and mitigate risk or as a response to identified or suspected loss and the potential fraud networks that may be involved has been developed to ensure that risk areas and root cause analysis are quickly identified and risk mitigation introduced.
RISKASSESSMENT
Recognising where your key organisation internal and external data sources are that can be used to profile and assess your level of risk including your organisations ability and opportunities to collect reports and information on illicit activity, helps drive an organisations ability to plan and introduce effective risk mitigation.
CHANGEMANAGEMENT
Once a risk assessment has been documented an organisation has the opportunity to use this information for operational, managerial or strategic purposes. It is at this stage that an organisation should introduce a change management process and a method of measuring the performance of its mitigation approach.
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