Financial accounting risk analysis

During a fraud investigation, it often becomes painfully clear that the organisation has too few defences against fraud, corruption and other irregularities. The damage has already been done, but is never too late to take appropriate preventative measures.
 
Targeted and workable
Hoffmann Forensic Services combines a thorough knowledge of administrative structures and internal control with extensive experience of the risk of fraud. For example, after analysing the facts and circumstances of the irregularities, we can produce goal-oriented workable recommendations. We can also help you implement those recommendations. Then, by the end of the procedure you know for sure that you are back in control.
 
How much damage?
We believe that the important thing is to prevent fraud before it happens. Statistically, most organisations will experience fraud at one time or another. In the Netherlands, annual losses due to fraud amount to €2.8 billion. As well as this amount, there are also the indirect costs of solving the problem, the unrest caused in the organisation and, not to be forgotten, the damage to the company’s image. It is not for nothing that fraud prevention is increasingly in the spotlight!

Structured working method

• First we assess the risks of fraud in the administrative organisation. Based on the specific circumstances, the risks and the existing control measures, we draw up a profile of sensitive spots in the organisation. We then often find a huge inconsistency between the measures recorded in writing and the practical situation.
• Based on our findings, we propose concrete preventative measures, including a protocol that you can fall back on if fraud is detected.
• We then formulate and implement concrete measures and instruct your employees.
• Our philosophy is that your organisation ultimately has to cope with the risks itself. That is why we hold training courses and workshops for key employees: so that in the future they themselves can identify and cope with fraud risk factors.
• To conclude, we periodically hold audits aimed at the risks of fraud and advise you about possible (additional) measures.