It is estimated that a typical organisation loses 5% of revenues a year as a result of fraud, but the impact of fraud runs deeper than direct losses and the costs of investigation and recovery. Fraud damages staff morale and raises questions regarding the competence of management, damages business reputation, and at its most extreme provides a direct threat to the longevity of any organisation. Today, the threat of fraud comes from a wide range of sources, often with an international element, and requires a proactive approach to identifying and addressing fraud risk.
Grant Thornton helps dynamic and growing businesses achieve their objectives by identifying and implementing an appropriate counter-fraud strategy, embedding zero-tolerance policies, assurance and monitoring solutions. But, if problems arise, we are experienced in undertaking robust investigations with the support of cutting edge digital forensic technology.
We report to a wide range of stakeholders such as in-house counsel, executive and non-executive directors. In each investigation we give consideration and insight as to how losses can be recovered, in order to support asset tracing and recovery, and litigation across the globe. We offer the full range of services to assist organisations in addressing their fraud risk.

Proactive solutions
Governance and risk assessment 
Fraud risk comes from a myriad of different sources located inside and outside of organisations and increasingly comes in the form of cyber crime. But where to begin?

Implementation and monitoring
Developing a counter-fraud strategy is important. Ensuring that it is applied, properly understood and allowed to evolve as risks change is essential.

Reactive solutions
Investigation and reporting
Allegations of fraud create profound difficulties for businesses. These challenges can be reduced if response processes are already in place (including having a fraud response plan). Practical and strategic issues will then need to be considered, potentially including regulatory disclosure, the scope of the investigation, legal privilege and access to people and data.

Remediation
Remediation offers the opportunity, not only to recover losses, but also the costs of investigation and wasted management time. Remediation provides a means to mitigate future fraud risk.

We do hope that we could be at your service with this information. Should you have any further queries, please feel free, to contact us!