We have developed an extensive “Fraud Work Program” which is a part of our risk based audit methodology. By means of this work program, we detect fraud or potential fraud risks that can influence the business. In a fraud case; where “Fraud Triangle” is generated,  current internal control structure and operational audits of the company will be insufficient for the detection of this matter. The company will be spoiled by the greedy employees. Detection of fraud is composed of different techniques and is entirely a specialization. In our work program, financial and operational audit tools are designed and combined so as to detect the fraud risks. Accumulation of our insight and our comprehensive work program, we are ready to take action for the thieves walking freely in your office.

SELECTION OF OUR FRAUD DETECTION CASES

-          Detection of the over invoiced goods manufactured by a subcontractor in Turkey on behalf of a foreign textile company amounting to USD 4 million. Supervision of the new orders process by process (from raw material phase to shipment phase) amounting to USD 4 million so as to counterbalance the over invoiced amount.

-          Uncovering the staff using the checks and receivable notes of the company for their interests.

-          Rationalization of the direct labor, direct material and cost of production figures with the number of the units produced of a manufacturer.

-          Checking of the orders by invoice in a restaurant on behalf of the owner of the facility. We found that all the orders are not invoiced. We  detected that the staff of the restaurant is organized to acquire interests