Fraud, the nightmare of all CFOs, CEOs and Boards of Directors. Fraud, particularly around cash processing and oversight is not new, the complexities of fraud schemes are increasing in sophistication. From the simple fake-CEO email directive to wire funds to the complex Business e-mail compromise, those responsible for the safeguarding of corporate cash and corporate assets must have the proper tools and know-how to stop fraud attempts in their tracks.
Risk Concepts, Ltd. (RCL) specializes in evaluating existing cash management policies, procedures and balance monitoring protocol that could potentially provide openings for fraud to occur.
The target deliverable for RCL is to provide a detailed gap analysis of the existing practices and provide best-in-class recommendations to fill those gaps, thus minimizing potential fraud occurrences.