Fraud Risk Management

Fraud Risk Management involves identifying, assessing, and mitigating the potential for fraudulent activities within an organization. This process includes analyzing where fraud might occur, understanding the vulnerabilities in systems and processes, and implementing controls to prevent and detect fraud. It also involves ongoing monitoring and creating a culture of integrity and compliance among employees. Essentially, it's about proactively safeguarding the organization’s assets and reputation against dishonest practices by establishing robust policies, training, and response plans to effectively handle any fraud incidents that may arise.