Risk assessment concept on wooden rectangle pieces | Fraud risk assessment as a component of a fraud risk management | Riskhouse International blog

Fraud risk assessment as a component of a fraud risk management

Fraud risk assessment as a component of a fraud risk management Fraud risk assessment is a component of fraud risk management strategy that helps an organization and its stakeholders protect itself against fraud. It is a technique by management to detect and understand their fraud exposure, fraud risks, and the efficiency of existing anti-fraud controls […]

Best Practices for preventing life insurance fraud-post pandemic

Best Practices for preventing life insurance fraud-post pandemic Introduction; Insurance fraud occurs when someone deliberately lies to obtain a benefit that they are not entitled to or fabricates a claim. Insurance fraud can also occur when an Insurer intentionally denies one a benefit that is due, under an insurance policy. While fraud is rampant in […]

The Different forms of payroll fraud and how they can be prevented

In the Occupational Fraud 2022: A Report to the Nations recently published by the Association of Certified Fraud Examiners [ACFE], ACFE highlighted that payroll fraud is among the most common frauds that occur in small businesses. Over the years, the corporate sector has seen an increase in payroll fraud perpetrated by employees altering the payroll […]

The importance of extensive Due Diligence in Land Transactions

The importance of extensive Due Diligence in Land Transactions; Introduction Due diligence is a phrase used in land transactions and entails establishing the identity of the proprietors of the land, the actual size of the land, whether the land is encumbered, whether the property exists, and whether or not the ownership documents are in order. […]

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