Fraud Risk Management

At TriRisk, we offer comprehensive fraud risk management services based on the U.S. Government Accountability Office’s (GAO) Fraud Risk Management Framework. Our strategic, risk-based approach empowers organizations to combat fraud effectively while balancing prevention with operational efficiency.

Our Framework-Based Services Include:

Fraud Risk Governance

• Assess and enhance your organizational culture to effectively combat fraud.
• Design dedicated structures to lead and manage fraud risk activities.

Fraud Risk Assessment

• Present tailored fraud risk awareness workshops.
• Conduct tailored, periodic fraud risk assessments.
• Develop detailed fraud risk profiles specific to your organization.
• Prioritize fraud risks based on their likelihood and potential impact.

Fraud Risk Management Evaluation

• Implement risk-based monitoring of fraud control activities.
• Evaluate the outcomes of fraud risk management efforts.
• Adapt strategies based on results and emerging risks.

Fraud Control Strategy

• Design and implement targeted anti-fraud strategies.
• Develop specific control activities focused on fraud prevention and detection.
• Create comprehensive fraud response plans.
• Establish stakeholder collaborations to ensure effective implementation.

Our Approach

We customize the GAO Fraud Risk Management Framework to suit your organization’s unique operational environment and risk profile. This includes:

• A cost-benefit analysis of proposed controls.
• Integration with existing risk management and compliance processes.
• Step-by-step guides, templates, and personalized training to support your internal fraud risk assessments.

Benefits of Partnering with TriRisk

By leveraging our expertise and proven framework, your organization will:

• Significantly reduce fraud incidents and associated costs.
• Enhance compliance with regulatory requirements.
• Improve stakeholder confidence and organizational reputation.
• Optimize resource allocation for fraud prevention and detection.
• Foster a culture of integrity and accountability.

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