The Corporate Culture Pvt. Ltd.

CONSULTING SERVICES

CONSULTING SERVICES - RISK CONSULTANCY Fraud Risk & Internal Control Advisory 🕵️

"Prevent and detect fraud with comprehensive controls and advisory support. Protect assets, data, and stakeholder confidence."

Fraud is an ever-present, evolving, and often hidden threat that attacks the integrity of a business, leading to direct financial losses, profound reputational damage, and a complete erosion of stakeholder trust. Furthermore, weak Internal Controls create the very environment—the opportunity—in which fraud flourishes, turning process gaps into financial liabilities. Simply reacting to discovered fraud is insufficient; a robust defense requires proactive anticipation and prevention.

100%

Compliance Focus

Trusted

Audit Frameworks

About Our Services

WHAT IS Fraud Risk & Internal Control Advisory?

Fraud Risk & Internal Control Advisory is the specialized discipline focused on identifying vulnerabilities within business processes, designing preventative controls, and deploying forensic techniques to detect and respond to fraud and misconduct. It ensures the reliability of financial reporting and the security of corporate assets.

This service is driven by the three elements of the Fraud Triangle (Opportunity, Pressure, Rationalization) and focused on eliminating the single element a company can control: Opportunity.

Component	Core Focus	Key Objective
Fraud Risk Assessment	Systematically identifying all potential fraud scenarios, schemes, and vulnerable areas across functions such as procurement, payroll, and cash management.	Develop a comprehensive Fraud Risk Profile and prioritize targeted fraud prevention initiatives.
Internal Controls Design	Establishing strong policies, procedures, and technology-enabled control mechanisms to prevent errors and fraudulent transactions.	Eliminate opportunities for fraud through robust, automated, and enforceable internal controls.
Integrity Services	Leveraging forensic tools, data analytics, and investigation techniques to detect, quantify, and respond to incidents of financial crime.	Recover losses promptly and implement decisive remediation and corrective actions.

Our Expertise

OUR SERVICES – Fraud Risk & Internal Control Advisory

TCC-India offers a focused suite of services designed to fortify your organization against financial misconduct across all technological platforms:

Fraud Risk Assessment & Control Design

Conducting comprehensive assessments of high-risk business processes such as Procure-to-Pay, Order-to-Cash, and Treasury, and designing mandatory preventive and detective internal controls.

Continuous Control Monitoring (CCM)

Implementing automated, rule-based control monitoring systems integrated with SAP GRC and Microsoft Dynamics 365 to test controls and flag exceptions in real time.

Segregation of Duties (SoD) Analysis

Auditing system roles and access privileges across SAP, Oracle, and Microsoft Dynamics 365 to ensure no single user can execute a fraudulent transaction end-to-end.

Forensic Data Analytics (FDA)

Applying advanced data mining and machine learning techniques on large datasets from Tally, Busy, and ERP systems to proactively identify subtle fraud indicators.

Fraud Policy, Whistleblower & Investigation Support

Developing legally compliant anti-fraud policies, establishing confidential whistleblower mechanisms, and providing discreet forensic investigation support to quantify losses and assist in legal proceedings.

Benefits of Fraud Risk & Internal Control Advisory

A strong internal control and fraud risk program delivers tangible financial protection and reputational stability.

Direct Loss Prevention

Automated and preventive internal controls significantly reduce the occurrence of financial errors and fraudulent schemes, directly protecting working capital and cash flows.

Enhanced Financial Reporting Reliability

Strong control frameworks improve the accuracy, completeness, and integrity of financial records, ensuring consistent compliance with Ind AS and IFRS standards.

Reduced Cost of Audits

A well-documented and effectively operating internal control environment simplifies statutory and internal audits, significantly reducing overall compliance and audit-related costs.

Improved Stakeholder Confidence

Demonstrating a zero-tolerance approach to fraud through robust controls strengthens trust with investors, regulators, customers, and other key stakeholders.

Quicker Fraud Detection

Continuous Control Monitoring (CCM) and Forensic Data Analytics (FDA) enable early detection of anomalies within days instead of months, minimizing the impact and scale of potential losses.

Detailed Features – Fraud Risk & Internal Control Advisory

Our execution focuses on embedding controls directly into your transactional systems for maximum preventative power.

Process-Embedded Controls

Designing preventive controls directly into core workflows, such as mandatory three-way matching (invoice, PO, receipt) for all payments, enforced within ERP systems like SAP, Oracle, or Dynamics 365 Finance.

Automated SoD Matrix Enforcement

Implementing GRC technology to enforce a rigid Segregation of Duties (SoD) matrix, automatically blocking any access requests that violate pre-defined high-risk task combinations (e.g., approving vendor creation and processing payments).

Vendor & Customer Master Data Integrity

Implementing strict controls over creation and modification of vendor and customer master data (e.g., bank account details) with mandatory dual approvals and a complete digital audit trail to prevent fraud.

Proactive Transaction Monitoring

Developing algorithms to monitor high-risk transactions such as duplicate payments, round-number journal entries, or transactions just below approval thresholds across Tally, Busy, or central ERP systems.

Ethical Culture & Tone-at-the-Top Programs

Conducting training for senior management and the Board to emphasize accountability, ethical decision-making, and enforcement of integrity policies across the organization.

Digital Forensics & E-Discovery

Utilizing specialized forensic tools to recover, preserve, and analyze digital evidence from computers and mobile devices in a legally defensible manner during internal investigations.

CHALLENGES WITH SOLUTIONS

We anticipate and solve the primary roadblocks to effective fraud prevention—complexity, resistance, and the belief that "it won't happen here."

Controls Are Ignored or Circumvented

Technology-Enforced Controls: Moving controls out of manual policy documents and embedding them as mandatory, non-skippable rules within transactional systems (SAP, Oracle, Dynamics 365) that cannot be bypassed by users.

Fraud is Detected Too Late

Continuous Control Monitoring (CCM): Implementing automated, continuous monitoring tools that constantly scan system data for pre-defined fraud red flags, providing real-time alerts to the control owner.

Lack of Visibility Across Disparate Systems

Data Aggregation & Forensic Data Analytics (FDA): Using FDA to pull and harmonize transaction data from all core systems (Tally, Busy, ERP) into a single environment, ensuring a complete view for pattern detection and risk analysis.

Internal Audit is Too Reactive

Transformation to Continuous Auditing: Shifting Internal Audit from periodic checks to a continuous, risk-based approach, leveraging technology to perform automated audits on high-risk areas identified by the ERM program.

Staff is Unaware of Fraud Risk

Mandatory & Targeted Anti-Fraud Training: Conducting annual, role-specific training on anti-fraud policies and whistleblower programs, emphasizing risks relevant to each employee’s responsibilities.

Fraud Risk & Internal Control Advisory