One of the best precautionary measures a company can do, is to understand the potential risks of fraud and abuse. Understanding the physical, reputational, proceduural, and financial risks inherant within the organization is more than half the fight. Knowing which risks are preventable, which risks are mitigatable, and which risks are insurable is also very important.

A fraud risk assessment can accomplish all of this. This review is designed to assist in determining the company’s procedures concerning adequate fraud detection and deterrence methods.This review cannot be relied upon to provide assurances that fraud does not or will not exist within the company. Rather, it is designed to highlight weaknesses, if any, in the existing system. A potential review by Red Flag Fraud Examiners, LLC would also provide management with recommendations for a proactive fraud deterrence program.