Good fraud governance requires more than just ensuring an effective system of internal controls. It also requires a clear message and oversight from senior executives and non-executives, clear policies and standards, knowledge of the key fraud risks, effective fraud reporting, awareness training, and the development of a culture of high ethics and honesty.

Whether you prefer a broad overview of your organisation’s anti-fraud program or an in-depth, detailed risk profile of a single department or process, KPMG can provide:

• An objective assessment of your current fraud governance standards;
  
• Assessment of key fraud and misconduct risks, including those relating to accounting manipulation and "black holes";
  
• Analysis of cultural and organisational aspects of your business that may increase vulnerability to fraud;
  
• Practical and cost-effective action plans to mitigate any fraud risks identified;
  
• Fraud awareness training to alert your front line employees, or those responsible for corporate governance, to the early warning signs of fraud and how to manage these risks effectively.

KPMG Forensic’s Fraud Risk Management white paper provides an overview of fraud risk management fundamentals, identifies regulatory mandates from around the world, and spotlights critical practices that organizations have found to be effective when tailoring a business-driven anti-fraud program. Key sections include the following:

• Understanding fraud and misconduct
• Convergence of regulatory challenges
• Key fraud risk management strategies including prevention, detection, and response
• An ongoing process for managing fraud and misconduct risk