Overall Fraud Risk Assessment, Canton, Ohio

PB Advisors was asked by the Controller of a large privately held manufacturing company to provide an overall assessment of the company’s fraud risk.

Project Requested By: Chief Financial Officer

Solution:

Procedures included:

• Gaining an understanding of the industry and specific business practices

• Completing a fraud risk questionnaire with significant process owners related to and including assessment of:

  • Tone at the top, company culture

  • Related policy and procedural documentation, ‘anti-fraud’ program and training

  • Potential of risk of fraud measured in significance and opportunity

  • Potential of management override

  • IT security, proprietary information

• Assessing all specific fraud risks and the related control procedures for effectiveness

• Establishing an open communication between company management and control owners to assess fraud risks and scenarios on an on-going basis

Results/Deliverables:

• Completed fraud questionnaire with remediation procedures and recommendations

• Risk and control matrix related to significant areas

• Report of the current state of the company’s fraud rating

• Plan for on-going evaluation of fraud scenarios, training, implementation of control procedures

Location: Canton, Ohio - 44720

Please contact us today to discuss your Fraud Risk Management: 
Patrick Brogan, President
CPA, CIA, CFE
PB Advisors
440.915.1180