Fraud Risk Assessment

Required Inputs

Organization: Company name, industry, size (revenue, employees), and organizational structure.
Business Processes: Key revenue, procurement, payroll, treasury, and financial reporting processes.
Control Environment: Existing internal controls, segregation of duties, approval authorities.
Prior Fraud History: Known fraud incidents, investigation outcomes, losses incurred.
Regulatory Context: Industry-specific anti-fraud requirements (SOX, FCPA, UK Bribery Act, etc.).
Whistleblower Program: Current hotline/reporting mechanism details.
Data Availability: Access to transactional data for analytics (ERP, accounting, procurement, HR systems).

Define the complete taxonomy of fraud schemes relevant to the organization.

Fraud Scheme Taxonomy (ACFE Classification)