Overall Fraud Risk Assessment, Canton, Ohio

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PBC Global was asked by the Controller of a large privately held manufacturing company to provide an overall assessment of the company’s fraud risk.

Project Requested By: Chief Financial Officer

Solution:

Procedures included:

  • Gaining an understanding of the industry and specific business practices
  • Completing a fraud risk questionnaire with significant process owners related to and including assessment of:
    • Tone at the top, company culture
    • Related policy and procedural documentation, ‘anti-fraud’ program and training
    • Potential of risk of fraud measured in significance and opportunity
    • Potential of management override
    • IT security, proprietary information
  • Assessing all specific fraud risks and the related control procedures for effectiveness
  • Establishing an open communication between company management and control owners to assess fraud risks and scenarios on an on-going basis

Results/Deliverables:

  • Completed fraud questionnaire with remediation procedures and recommendations
  • Risk and control matrix related to significant areas
  • Report of the current state of the company’s fraud rating
  • Plan for on-going evaluation of fraud scenarios, training, implementation of control procedures

Location: Canton, Ohio - 44720

Please contact us today to discuss your Fraud Risk Management: 
Patrick Brogan, President
CPA, CIA, CFE

PBC Global
440.915.1180