Advisory and Preventive Services
The least expensive fraud is the one that never happens. Our preventive work helps boards and management understand where their organisation is exposed, put proportionate controls in place, and build a culture in which concerns are raised early.
What we do
Fraud Risk Assessments
Evaluating internal controls to identify vulnerabilities
We map how fraud could realistically occur in your business across the three categories recognised internationally (asset misappropriation, corruption and financial statement fraud), rate each scheme by likelihood and impact, and test whether existing controls would prevent or detect it.
Internal Control Review
Designing fraud-resistant control systems
We review processes such as procure-to-pay, order-to-cash, payroll, treasury and inventory for segregation of duties, approval limits, master-data controls and system access. The review supports the directors' responsibility for internal financial controls and the auditor's reporting on them under the Companies Act, 2013.
Anti-Fraud Program Design
Creating comprehensive corporate anti-fraud frameworks
We design practical frameworks: fraud and ethics policies, a vigil (whistleblower) mechanism, a fraud response plan, third-party due diligence procedures and red-flag monitoring, sized to the organisation rather than copied from a template.
Corporate Governance Advisory
Risk governance, ethics policies, and board practices
We advise boards and audit committees on oversight of fraud risk, related-party transaction policies, conflict-of-interest declarations and the information the board should receive to exercise real oversight.
When to engage us
- Rapid growth, new locations or a new ERP system
- Preparing for an IPO, fund-raise or investor due diligence
- After a fraud incident, to prevent a recurrence
- The audit committee wants an independent view of fraud risk
- Regulatory inspections or adverse audit observations
Our approach
Understand the business
Interviews with management and process owners to understand how money, goods and information actually move.
Map the risks
A fraud risk register covering each plausible scheme, who could commit it and how it would be concealed.
Test the controls
Walk-throughs and data tests show whether controls operate in practice, not just on paper.
Build the roadmap
Prioritised recommendations with owners and timelines that management can realistically implement.
What you receive
- Fraud risk register and heat map
- Control gap report with prioritised recommendations
- Draft policies: fraud, whistleblower, fraud response, gifts and hospitality, conflicts of interest
- Presentation to the board or audit committee
Frequently asked questions
How often should a fraud risk assessment be done?
Once a year is good practice, and again whenever the business changes significantly, for example after an acquisition, a new system or a major restructuring.
Do you implement the controls you recommend?
We design the controls and support implementation, including training and testing. Ownership of the controls stays with management, which is how it should be.
Is this relevant to a mid-sized or family-owned business?
Yes. Smaller organisations often have fewer people handling cash and approvals, which concentrates risk. We scale the work to the size and complexity of the business.
Related insights
Building a Vigil Mechanism That Works: Whistleblower Frameworks for Indian Companies
What the Companies Act and SEBI regulations require, and the design choices that decide whether employees actually use the channel.
Twelve Red Flags of Vendor Fraud in Accounts Payable
Fictitious suppliers, inflated invoices and kickbacks leave traces in the vendor master and payment data. Here is what to look for.
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Ready to discuss your forensic accounting needs? Reach out to our team of experts for professional consultation and assistance.