List of Technical keyfeatures in Internal Fraud Software
- An organization loses 5% of revenue each year because of fraud (Average).
- Small and Medium enterprises suffer much more because of frauds.
- Internal controls are Systems, Procedures, Legal Contracts, Checkpoints and policies to safeguard the organization from fraud. For further protection Periodic Testing, Monitoring and Analysis, Surprise checks are added.
- The Red Flag Methodology Provided almost 95% assurance.
- Frauds not only make organizations lose large sums of money, it also affects reputation and a loss of high value confidential internal information.
Fraud Risk Assessment > Red Flag Report > Decision to develop Internal Controls > Development of internal controls (Red Flag Specific and leakage specific) > Added Services if required
