Expert Investigations

What is the need for gap analysis within your business? Well, many antifraud professionals believe that organisations today face a greater risk of fraud occurring than ever before.

The Capacity for Fraud

Businesses of all sizes and in all sectors must accept that there is a huge capacity for all aspects of dishonest behaviour that their employees can engage in. And with these dishonest employees in the commercial environment, many preventative measures are not in place. This gives the employee the opportunity to be dishonest as the target hardening and situational crime prevention does not fulfil a primary role.

Employers and businesses must be realistic and accept that there will be, or has been or are dishonest employees in the business. They need to understand how the employee may be dishonest where and why.

Employers and businesses must be mature in understanding this risk and conducting a gap analysis to identify the opportunities for dishonest employees and weaknesses within the organisation and working from the broad and general towards the specific they look at cost-effective and operationally feasible means in order to prevent and disrupt employee dishonesty.

What Is A Gap Analysis?

Evidence suggests that current fraud risk management programs at many companies need improvement. This bears out with our experience of over 20 years in dealing with dishonest employees. The first and most vital step to understanding the capacity for employee dishonesty within your business is to conduct a gap analysis. Compare your current security practices with those recommended in guidelines by organisations such as the Fraud Advisory Panel. The goal is to identify the missing elements and determine priorities for how these gaps should be addressed.

Where Does Expert Investigations Come In?

The next step is for someone with proven experience in fraud risk management to conduct a gap analysis. This is to assess your specific vulnerability on a daily basis and highlight where your current weaknesses lie. Expert Investigations can help shape the prevention measures which will disrupt dishonest employees from having the opportunity to do so in the workplace.

The result will be a reduction in the potential for both financial loss and reputational damage. Strong fraud risk management can allow businesses to prevent the problem. Before they have to detect and disrupt it, with all the time and costs associated with that. Conduct your gap analysis today with Expert Investigations.