Specializing in antifraud for INSIDER THREAT & FRAUD MANAGEMENT. The first step in effective fraud management is the Fraud Risk Assessment. It provides much more than the inputs required for a risk-based annual audit plan. The results of the evaluation begin the process to allow for the determination of risk appetite, tolerance levels (+/- %), key risk indicators (KRIs), identification of anomalies, and the development of predefined management actions and communication strategy in response to exception reporting. Benefits of the fraud risk assessment include: Visibility into the organization’s fraud risk; Understanding of the risks by department and scheme; Prioritize antifraud efforts and allocate resources effectively by focusing on the risks… Read More
Continue ReadingTaxonomy of Fraud in Microfinance
Taxonomy of Fraud in Microfinance Background One of the challenges we face in the antifraud industry is the lack of congruity between various thought leaders in how we define fraud and its many schemes. Each industry group or academic expert added great value to the advancement of the antifraud field. However, while every new distinction created a little more clarity, they all seemed to be inputs into a larger equation of the dynamic nature of what we face on a daily basis. In an effort to create a standardized fraud classification system that would apply across all fraud schemes, the Framework for a Taxonomy of Fraud was published by the… Read More
Continue ReadingThanksgiving in Afghanistan
As I prepare the menu for the Thanksgiving holiday, I am reminded that last year at this time I was in Afghanistan. This was the first time I had ever been in that country. I had mentally prepared myself to just “suffer through” it. I imagined that as an American, I would not be very popular. I imagined that as a woman, I would be treated “less than.” However, after being in Afghanistan for almost a month spending time at the capital in Kabul, in the west at Herat and in the north at Mazar, I can honestly say that none of my fears were founded. By dressing more conservatively than… Read More
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