"Prevention is better
than cure"
Fraud prevention and compliance
No organisation could guarantee that every weakness is removed from every process and thus some risks always remain. But frauds become serious, not because of such failures, but rather because victims failed to identify problems quickly enough or reacted badly when suspicions were first aroused. The balances between preventive, reactive and reconstructive controls are critical.
Seldom will one control eliminate a specific risk. Their relationship is complex with an array of controls dealing with a matrix of risks. This critical balance may be adjusted by good intelligence and effective detection mechanisms, which enable problems to be avoided or quickly identified and resolved. Cobasco will show you how.

Controls are also necessary to comply with an ever growing list of laws, rules and regulations, some emanating form the British Parliament, even more from the European Union and others applied extra-territorially by the United States (such as the Foreign Corrupt Practices Act and Sarbanes Oxley) to any organisation which has any operations in America and is thus classed as a “domestic concern”.
Most organisations do not have an accurate understanding of their internal compliance requirements; even inadvertent breaches can lead to swingeing corporate and personal penalties. Thus failure to maintain effective compliance processes must be regarded as a serious risk.
WE DELIVER
Assurance that your controls are commensurate with the risks and compliance requirements
Strategy
Determines enduring policies,
processes & resources
Participation
Provides specialist, practical support
when needed.
Applied, integrated control strategy to ensure
that operational risks are effectively countered
Strategic review of risks and
compliance standards.
Specified control processes including
coverage, dissemination and training
Detailed drafting of control
policies and procedures
Benchmarking control and compliance standards: making sure you optimise your investment in Internal Audit, Compliance and Corporate Security departments.
Resolving specific problems:
designing effective controls for
new systems and high risks