Combatting Fraud risks through effective internal controls

As various stakeholders have begun to comprehend the effects of uncontained risk, fraud risk management is increasingly attracting mainstream attention and a strong anti-fraud stance is a pre-requisite. Despite the serious risk that fraud presents to business, many organisations still do not have formal systems and procedures in place to prevent, detect and respond to fraud. It is imperative for companies to implement effective internal control mechanisms for managing fraud risks that are overseen by the Board of Directors and others responsible for governance.

In this context, Grant Thornton Bharat invites you to the first virtual edition of ‘CAE Conclave– Dialogues to mitigate the fraud risks in organisations’ to be held on Wednesday, 20 October 2021 from 4 pm to 5:30 pm where our experts will discuss the effectiveness and deployment of internal controls to combat fraud risks.

Key discussion points:

• Building organisational anti-fraud culture
• Effective internal controls environment and risk assessment
• Fraud Red flags: Identification of internal indicators of fraud
• Monitoring with data-driven fraud detection and technology