Forensic Audit & Fraud Investigation

The prevalence of fraud or criminal activity festering within a company is one of the most critical components that has damaged countless brand images while doing a Business audit. As business becomes more volatile and competitive, some businesses stray from the path of ethics and perpetrate fraud or engage in criminal actions or misconducts, such as money laundering. Investing in businesses without conducting a thorough forensic/fraud investigation can cause significant damage to a company's reputation.

Fraud Risk Assessment in UAE

Threats will impede the company's route to success if necessary, precautions are not taken. Any company faces dangers. Successful risk management will provide you a better understanding of your company's critical organizational and business risks. Count on a service partner with deep experience and broad understanding to accurately identify and mitigate the company’s risks. A thorough risk assessment can help firms determine which risks exist, how they might affect organizational processes, and how risk control should be prioritized based on management’s risk appetite. A risk assessment covers the following elements:

• Evaluation of risks, mitigate controls and the related residual risk exposure to the company
• Interviews with the owners of the company, leadership and related investors
• Complete overview of the audit committee’s assessments which includes challenges faced by the company and measures to fight risks

Fraud Risk Management in UAE

Fraud Risk Management must be integrated into the organization in the form of written procedures, recognized roles, and ongoing processes. There must be a dedicated role for the Board and top management who will communicate the relevant knowledge as and when required. The tone from the top might be echoed in the understanding of fraud prevention and identification within the company.

It is critical to have a skilled professional with sufficient resources and access to high management managing the program. This employee should be in charge of developing and reviewing the curriculum, as well as communicating it throughout the business as needed.

How can Reyson Badger help?

Reyson Badger conducts a thorough investigation and provides a comprehensive, crisp, and data-driven report that is customized and kept as private as possible. The information is shared with the highest levels of management, and appropriate action is taken. Such commercial issues can be simply solved with Reyson’s high-quality Forensic/Fraud Investigation services in UAE, as our highly-qualified and experienced staff pays close attention to every detail with greatest conviction for any discrepancy or inaccuracy.