managing corporate fraud risks in the globalised economy

1

Upload: stern-advisory-india

Post on 25-May-2015

140 views

Category:

Business


2 download

DESCRIPTION

The more globalised the industry gets, the more is the rise of Corporate Risk. Today, Corporate Fraud is rampant but it could be prevented with numerous proactive measures. Stern India has always aimed at excellence and quality, and will always be there to support the corporates in their struggle against these unlawful & unethical practices. In this presentation, we explore the shady realms of corporate fraud & the service we offer to tackle it effectively.

TRANSCRIPT

Page 1: Managing Corporate Fraud Risks In the Globalised Economy

MANAGING CORPORATE RISKS IN THE GLOBALISED ECONOMY

Page 2: Managing Corporate Fraud Risks In the Globalised Economy

Stern Advisory India Pvt. Ltd., a part of Stern Advisory Group, United Kingdom, was founded in August, 2012, and began its operations in September of that year.

Intelligence on your side.

Get to know us better

OUR TEAM OUR CLIENTELE OUR SERVICES

THREE PILLARS

Page 3: Managing Corporate Fraud Risks In the Globalised Economy

How do we ensure that your organisation is not cheated on? Stern Advisory India has a plethora of Business Intelligence Services that you can entrust your company to. We mitigate corporate fraud and minimise risks whilst you do what you do best- Business.

DUE DILIGENCE

BACKGROUND CHECKS

ASSET TRACING ANTI-COUNTERFEITING

GLOBAL COMPLIANCE

COMPUTER FORENSICS

GLOBAL AUDIT HEALTH CHECK

Page 4: Managing Corporate Fraud Risks In the Globalised Economy

OUR TEAM

Our Team: Who We Are

CROSS BORDER TRAINING

GLOBAL RESOURCES

LEGAL & FORENSIC

Page 5: Managing Corporate Fraud Risks In the Globalised Economy

Corporate Risk: The Major Aspects

DATA MANAGEMENT

GLOBAL INTEGRATION

LEGAL & FORENSIC: ACQUISITION

Page 6: Managing Corporate Fraud Risks In the Globalised Economy

Our Professional Certifications

Page 7: Managing Corporate Fraud Risks In the Globalised Economy

Corporate Fraud: The Inevitable Yet Avoidable Corporate Risk

HOW IS CORPORATE FRAUD COMMITTED?

An organisation deals with fraudulent individuals or groups in numerous ways.

MISREPRESENTATION of the brand and/or its products

EMPLOYEE FRAUD against employers

CRIMES BY BUSINESSES against investors, consumers and employees

CRIMES AGAINST financial institutions

CRIMES BY INDIVIDUALS OR BUSINESSES against government

CRIMES BY PROFESSIONAL CRIMINALS against major organisations

CYBER CRIME

Page 8: Managing Corporate Fraud Risks In the Globalised Economy

Why are these frauds committed?

THE FRAUD TRIANGLE The Fraud Triangle breaks down the process into 3 parts

MOTIVATION

RATIONALISATION OPPORTUNITY

Page 9: Managing Corporate Fraud Risks In the Globalised Economy

Impact of Corporate Fraud: The Situation Today

*Sources

Page 10: Managing Corporate Fraud Risks In the Globalised Economy

Scams at a Glance: 2013

Page 11: Managing Corporate Fraud Risks In the Globalised Economy

Stern Saves International Pharmaceutical Client From Fraudulent Company

Stern Against Fraud

Stern Monthly Scans: 30% Red Flags

Service Offered: Pre-Due Diligence

Service Offered: Employee Background Screening

Page 12: Managing Corporate Fraud Risks In the Globalised Economy

Recommended Methods of Approach

Periodic fraud risk assessment and due diligence of any kind

Effective fraud awareness training

Implementation of an efficient whistleblowing system

Extensive use of technologically advanced data analytical tools

Page 13: Managing Corporate Fraud Risks In the Globalised Economy

Let’s Work Together Stern: Your Constant Support