managing corporate fraud risks in the globalised economy
DESCRIPTION
The more globalised the industry gets, the more is the rise of Corporate Risk. Today, Corporate Fraud is rampant but it could be prevented with numerous proactive measures. Stern India has always aimed at excellence and quality, and will always be there to support the corporates in their struggle against these unlawful & unethical practices. In this presentation, we explore the shady realms of corporate fraud & the service we offer to tackle it effectively.TRANSCRIPT
MANAGING CORPORATE RISKS IN THE GLOBALISED ECONOMY
Stern Advisory India Pvt. Ltd., a part of Stern Advisory Group, United Kingdom, was founded in August, 2012, and began its operations in September of that year.
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OUR TEAM OUR CLIENTELE OUR SERVICES
THREE PILLARS
How do we ensure that your organisation is not cheated on? Stern Advisory India has a plethora of Business Intelligence Services that you can entrust your company to. We mitigate corporate fraud and minimise risks whilst you do what you do best- Business.
DUE DILIGENCE
BACKGROUND CHECKS
ASSET TRACING ANTI-COUNTERFEITING
GLOBAL COMPLIANCE
COMPUTER FORENSICS
GLOBAL AUDIT HEALTH CHECK
OUR TEAM
Our Team: Who We Are
CROSS BORDER TRAINING
GLOBAL RESOURCES
LEGAL & FORENSIC
Corporate Risk: The Major Aspects
DATA MANAGEMENT
GLOBAL INTEGRATION
LEGAL & FORENSIC: ACQUISITION
Our Professional Certifications
Corporate Fraud: The Inevitable Yet Avoidable Corporate Risk
HOW IS CORPORATE FRAUD COMMITTED?
An organisation deals with fraudulent individuals or groups in numerous ways.
MISREPRESENTATION of the brand and/or its products
EMPLOYEE FRAUD against employers
CRIMES BY BUSINESSES against investors, consumers and employees
CRIMES AGAINST financial institutions
CRIMES BY INDIVIDUALS OR BUSINESSES against government
CRIMES BY PROFESSIONAL CRIMINALS against major organisations
CYBER CRIME
Why are these frauds committed?
THE FRAUD TRIANGLE The Fraud Triangle breaks down the process into 3 parts
MOTIVATION
RATIONALISATION OPPORTUNITY
Impact of Corporate Fraud: The Situation Today
*Sources
Scams at a Glance: 2013
Stern Saves International Pharmaceutical Client From Fraudulent Company
Stern Against Fraud
Stern Monthly Scans: 30% Red Flags
Service Offered: Pre-Due Diligence
Service Offered: Employee Background Screening
Recommended Methods of Approach
Periodic fraud risk assessment and due diligence of any kind
Effective fraud awareness training
Implementation of an efficient whistleblowing system
Extensive use of technologically advanced data analytical tools
Let’s Work Together Stern: Your Constant Support