Fraud Risk Assessment and Prevention

We offer Fraud Risk Assessment and Prevention services to help organizations identify and mitigate the risk of fraud.

Our Fraud Risk Assessment and Prevention services help organizations identify, assess, and mitigate the risk of fraud. We conduct thorough assessments of your internal controls, processes, and systems to identify vulnerabilities. Our team helps you develop and implement fraud prevention measures, including policies, training, and monitoring mechanisms. We also provide guidance on responding to and investigating suspected fraud. Our goal is to help you create a culture of integrity, minimize the potential for financial loss, and protect your organization’s reputation.

What is FRAP?

Risk Assessment

Identifies vulnerabilities and potential fraud schemes within processes, enabling organizations to understand where they are most exposed.
Prevention Measures

Implements controls, policies, and employee awareness programs designed to deter and detect fraudulent activities before they occur.
Response Guidance

Provides clear protocols and action plans for investigating, reporting, and addressing fraud incidents swiftly and effectively.

Our Process

01.

Initial Client Discussion

Understand the client’s concerns, suspected fraud areas, and scope expectations.
02.

Preliminary Risk and Control Review

Assess existing fraud risks, control environment, and any red flags.
03.

Scope Definition

Define the focus areas for risk assessment and potential forensic investigation, including timelines.
04.

Approach and Methodology Design

Develop a customized plan covering fraud risk identification, investigation techniques, and data analysis.
05.

Proposal Preparation and Submission

Prepare and present a detailed proposal outlining scope, approach, deliverables, timeline, and costs.

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We Are Here To Help

1. How do you conduct a Fraud Risk Assessment?

We use a structured approach:

Risk workshops and interviews with key teams
Process walkthroughs and control mapping
Data analytics and red flag testing
Heatmaps and fraud risk scoring
Recommendations for plug-and-prevent actions

2. Can you help us build a fraud prevention strategy, not just identify risks?

Absolutely. Our work doesn’t stop at diagnosis we help you design anti-fraud controls, escalation frameworks, whistleblower mechanisms, investigation protocols, and fraud KPIs tailored to your business.

3. How can we use data analytics to detect and prevent fraud?

We leverage forensic data analytics, trend detection, exception reporting, and AI-based pattern recognition to flag anomalies early. We also help embed analytics into your ERP or business intelligence tools.

4. Do regulators in India expect formal fraud risk assessments?

Yes. Under regulations from SEBI, RBI, ICAI, and Companies Act, businesses especially listed entities and regulated institutions must demonstrate risk controls and anti-fraud frameworks. Proactive fraud assessments can also protect you during internal audits or vigilance reviews.

5. What makes your fraud risk services different?

We combine on-ground forensic experience with practical risk insights, using industry benchmarking, real fraud case studies, and tech-enabled testing. Our advice is actionable, not theoretical designed to create results, not just reports.

6. How often should AML policies and procedures be reviewed?

We recommend a formal review at least annually or sooner if there are major changes in regulations, business models, or customer profiles. Periodic independent AML audits are also encouraged by regulators.

FRAP Solutions

How TRC's FRAP Solutions Help Your Company?

We reimagine FRAP to enhance compliance, boost brand value, and drive growth. Partner with us to unlock your business’s full potential.

Address

Enkay Square, Plot No - 448A, 6th Floor, Udyog Vihar, Phase- V, Sector 19, Gurugram, Haryana - 122016

Email address

business@trcconsulting.org

Mobile number

+91–8882828822

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