Fraud / Corruption Prevention and Detection
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Case Study – On-Site Investigation of Internal ABC Controls
A global manufacturer of medical equipment suspected that sales executives had engaged in bribery to win lucrative government contracts. The company’s U.S.-based legal counsel engaged us to investigate.
Our team conducted an on-site investigation of internal controls. We also discreetly collected from company systems six years of sales and payment data across several jurisdictions and conducted sophisticated data analysis to identify unusual patterns in equipment sales.
Our analysis uncovered payments that had been hidden within a reserve account in the company’s accounting system. A follow-up on-site document review and interviews with company employees confirmed that the obscured payments were made to government employees to secure sales contracts.
Case Study – Enterprise-Wide Fraud Risk Assessment
A UK utilities provider with a billion pounds in annual turnover was concerned about fraud in its operations. The company turned to Kroll to conduct an enterprise-wide fraud risk assessment.
We began by analyzing the financial records of the utility’s services business units to identify potential areas of fraud risk. This was followed by a more targeted investigation, and fact-finding interviews with key members of the senior management team.
We then provided recommendations for improvements to key internal controls and measures to prevent and detect fraud, regulatory requirements to assess fraud risk and organizational and operational structures.
Case Study – Fraud Risk Analysis
A multinational manufacturing and retail company suspected fraud in its procurement division that involved several of the company’s Africa operations. Kroll was brought in to investigate.
We conducted a transactional risk review across three years of financial data for six legal entities. Our analysis was used to prepare the company’s internal investigations team to conduct on-the-ground interviews. The fraud risks detected were used to recommend improvements to procurement controls and internal reporting to the head office.