Fraud Prevention & Detection

The 2016 Association of Certified Fraud Examiners, Report to the Nations on Occupational Fraud and Abuse, indicated that organisations typically lose an estimated 5% of their annual revenue to fraud.

Fraud and corruption control in the government sector has recently received renewed focus from the Queensland Auditor-General. The Queensland Audit Office (QAO) Fraud Management in Local Government Report, raised concerns regarding the awareness, effectiveness and responsiveness of Councils in implementing fraud and corruption prevention and detection strategies. Equally, the management of these risks as well as the overarching reputational risk were also flagged as areas of concern. The QAO has advocated that the findings in this report apply equally to other sector entities also. So really, can your organisation afford not to invest in managing these risks?

As highly regarded specialists, in Fraud Prevention & Detection our professional team at Pacifica methodically engage in a 3-phased approach for consideration by management and the Board:

• Module 1 – Fraud, Corruption & Ethical Culture Assessment.
• Module 2 – Fraud Awareness Training.
• Module 3 – Internal Control Assessment with an Internal Fraud and External Scam threat focus.