GRC Fraud Prevention Services

Fraud is a significant business risk. Estimates put the annual cost to American business at over $700 Billion annually, with companies own employees accounting for the largest proportion of the loss. A properly governed business has a responsibility to establish effective and efficient antifraud controls and adopt a diligent approach to detecting and deterring incidents of fraud. Even if your organization maintains a culture based on ethics and integrity, a comprehensive review of your anti-fraud programs and controls will help you identify gaps and manage your risk of fraud – it does exist.

Westport Business Solutions members have significant and varied experience in the business of preventing and addressing business fraud. Our proven solutions include:

• Comprehensive Fraud Prevention Reviews focusing on fraud areas specifically relevant to a particular company’s business and business environment
• Awareness Training for all employees as well as development of the specific skill sets needed for employees in key areas of responsibility
• Implementation and/or Augmentation of Fraud Detection Systems.
• Should you have a situation where there is suspicion that a fraud may have already been perpetrated, we have the resources you need to investigate the event, recover losses and assemble evidence.

Our Services include:

• Forensic accounting
• Recovery and Remediation
• Litigation support
• Root cause analysis to identify control weakness
• Employee interviews
• Information gathering for litigation support

Should you have any concerns associated with either fraud perpetration or prevention, please contact us. We are experienced in handling these matters in a comprehensive, professional and discreet manner. 

GRC and Due Diligence Practices Leader - Nevil Ede