Preventative Approach
Did you know that according to a study by the Australian Institute of Criminology fraud costs the Australian economy over $3 billion a year? The Association of Fraud Examiners conducted a study in 2008 which revealed a few alarming statistics:
- Workplace fraud is costly - the median loss to business was $175,000
- The typical workplace fraud lasts two years before it is detected
- The most common frauds involved corruption and fraudulent billing
- Workplace frauds are much more likely to be detected by a tip than by audits, controls or other measures
We have a comprehensive range of fraud and corruption control preventative services. Each service dove tails into the other or they can operate on a stand alone basis if required. When combined, the total effect of these prevention services is such that your organisational exposure to fraud and corruption can be substantially reduced.