fraud risk assessments

Fraud risk assessments are evaluations that organizations conduct to identify areas where dishonesty or fraud could occur, such as stealing money or falsifying records. By examining processes, controls, and potential vulnerabilities, they help organizations understand where risks exist. The goal is to anticipate, prevent, or detect fraudulent activities before they cause significant harm. This process involves reviewing policies, monitoring transactions, and analyzing patterns to strengthen defenses and promote integrity. Ultimately, it supports an organization’s efforts to maintain trust, compliance, and accurate operations.