FCRM assists clients to investigate loss events in internal business operations or transactions with third parties. We also assist clients to identify significant sources of fraud risk in business processes. Investigation or risk-assessment findings can be used to enhance/improve:

• Fraud and other incident response plans.
• Fraud/loss prevention measures.
• Risk mitigation and internal control frameworks.
• Alerts or other mechanisms for identifying fraud risk, red-flag or incident reporting.
• Raising awareness of fraud risk in employees who deliver (or supervise the delivery of) business processes and transactions.
• Assurance testing arrangements for validating the effectiveness of internal controls.
• The quality and content of management information.

Loss events investigated by FCRM include fraud, theft of corporate assets and the misappropriation of intellectual property. We also assist clients to assess the substance of anonymous allegations or whistle-blower alerts and, were a loss has been confirmed, we work with clients and their legal advisers to seek recovery of misappropriated assets/funds.

Senior managment, Audit Committees and regulators often require objective and reliable reporting about any systems or controls failure which may have contributed to a loss event. We provide independence, objectivity and relevant experience of controls risk assessment and reporting. Our reports include commentary on internal controls and material weaknesses identified, with fact-based findings to support recommendations identified to improve internal control.

Examples of how FCRM can assist clients with fraud issues, include:

• Investigating causes of loss, identifying persons involved and collecting evidence.
• Conducting interviews and obtaining evidence from witnesses and suspects.
• Sourcing evidence recovery from IT systems, hard-drives, PDA's, USB and other media.
• Preventing further financial loss, or loss of evidence.
• Conducting transaction and funds flow analysis, to trace and locate misappropriated assets.
• Fact-based reporting of findings to inform management's options and actions.
• Managing the oversight and control of actions taken when fraud is suspected.

We are accustomed to handling commercially sensitive information, obtaining/preserving evidence and preparing independent reports for use by clients and their legal advisers.