Fraud is an illegal and dishonest activity undertaken by an individual or company designed to benefit the individual or company and is often a complex affair. It can be effectively detected through internal control measures and requires specialist knowledge in fields of investigations to highlight potential issues leading to revelation of committed fraud. In most cases, fraud often comes to the surface by accidental discovery, anonymous letters or as a result of an unexpected business crisis. AXIS can help you mitigate the costs of fraud through our extensive capability and wide-ranging experience in tackling fraud.
In many circumstances fraudulent behavior is inevitable and can affect the sustainability of your business. Early detection is crucial and in most cases, fraud is deliberately concealed. Therefore the handling of fraud requires more than just technical know-how; it also requires speed, sensitivity and discretion. Fraudulent behaviour can be found in your customers, suppliers, distributors, employees or even your management.
AXIS also provides fraud prevention services, where we will dissect the areas commonly targeted and set up necessary deterrent measures. Our role is to unravel any loopholes in your company before it is exploited upon, and to eliminate future possibilities. The need to safeguard your company’s assets and reputation is also our priority as well as to curb illegal activities and come up with prompt solutions, with the least possible disruption to your organisation.
If your organisation has fallen prey to fraud, the survival of your business may depend on the successful recovery of lost assets. We pride ourselves at being able to provide the best multi-disciplinary team of investigators, computer forensics specialists and forensic accountants, to recover assets that might prove crucial to the continuity of operations in your organisation.
Fraud awareness training is targeted to give employees the necessary skills, tools and support, to minimise fraud within their business environment. Our experience has also shown that the incidence of fraud can dramatically decrease when employees are trained in fraud awareness. A typical presentation incorporates the use of case studies and examines the types of fraud that may be encountered.
Our skills include prior law enforcement experience, insolvency and liquidation, internal audit, forensic accounting and fraud-related services. AXIS is well equipped with the knowledge and resources to conduct local and regional investigations and fraud related asset tracing enquiries.
The AXIS Edge
Our worldwide affiliations and resources of the latest technology and investigative methods make us confident of tackling any assignment hands-on. Among the types of fraud investigations we handle are:-
- Misappropriations of company funds
- Phantom vendors
- Purchase fraud
- Secret commissions and bonuses
- Distributor & Vendor fraud
- False expense reporting
- Manufacturing fraud
- Payroll fraud
- Fraudulent insurance claims
- Internet fraud