Fraud is a major concern for organizations and rising fraud awareness has forced governments and regulators to define management’s responsibilities for fraud prevention, deterrence, and detection.  As a result, organizations need to have an effective fraud risk management program and related controls in place to reduce the risk of loss.

PRGX’s fraud services helps companies develop and strengthen effective fraud management programs and controls.  Our expertise lies in the unique insight we gain from working closely with our clients in finance, audit and loss prevention and in the sophisticated proprietary audit tools we use to mine their data to discover where there is a risk of abuse.

PRGX helps clients:

• Identify the key fraud risks in finance, procurement and the purchase-to-pay cycle
• Develop strategies to manage and control these risks, enabling overall risks to be assessed
• Identify inherent risks where closer scrutiny is required
• Gain assurance on the effectiveness of controls by conducting historic transaction reviews to identify indicators of abuse or fraud and set up procedures for regular periodic review
• Implement continuous control monitoring to review disbursements to prevent errors or fraud at the source
• Identify areas to improve controls to prevent further profit loss or abuse
• Agree on incident responses and the remediation process

Our unique granular insight helps clients protect their organization’s assets, and our reports document and record their proactive efforts to develop an effective fraud management program that anticipates, prevents, detects and remedies fraud and abuse.