Fraud Risk Management
Fraud Amidst a Pandemic: Inoculate your business against risk
New economic and social realities born out of the global pandemic have increased fraud risks for all businesses as they move towards recovery. In this article, we outline steps to bolster internal controls and elevate fraud awareness in your organization.
Webinars: Tap into MNP’s expertise in these dynamic presentations
Financial Fraud: Trends & Forecasts
Explore current and future trends in fraud - including the growing impact of online crime – and how to protect your organization.
Strategies for Reducing your Risk in Contracts, Agreements and Business Investments
In this webinar, our team presents on effective management and compliance during the lifecycle of an agreement to minimize the potential for contract disputes.
Employee Fraud: Tips and Traps to Avoid
MNP and SVR Lawyers take you through different employee fraud scenarios and the steps in managing and mitigating the company’s risk.
Insights
Employee Fraud Series
In this four-part series, MNP and co-host law firm SVR Lawyers deliver tips to reduce risk and traps to avoid when faced with suspected employee wrongdoing.
When a company first becomes aware of financial irregularities in its business, the first reaction is usually to get to the bottom of the concerns. When the issue is suspected fraud, the increased sensitivity needs a quicker response. In those cases, the company may expose itself to increased risk if the next steps are not undertaken with care and consideration as to the preservation of evidence, the protection of information, the involvement of employees and third parties, and the potential outcome of the review.
This article provides some tips, and traps to avoid, for a company faced with suspected employee wrongdoing to minimize those risks.
Your company has received an allegation that one of its employees has stolen from it and has now completed the steps discussed in our first article – Managing Corporate Risk When Employee Fraud is Suspected. The company is satisfied the allegation has merit and has preserved a forensic copy of the company’s data. So, what are the next steps?
This article will discuss the steps involved in conducting an independent forensic investigation, preserving the company’s data and evidence, and obtaining remedies in court to protect the company’s interest pending a potential judgment against the employee.
In our last article - Mitigating the Company’s Risk After an Employee Fraud - we discussed a few of the steps a company should take to preserve evidence, protect its position pending litigation, as well as some costs and benefits in deciding whether to commence litigation to recover on a loss caused by an employee fraud.
This article will discuss some of the steps involved in attempting to recover on the loss, from making an insurance claim, to commencing an action, to collecting on a judgment.
Whether or not a company has experienced an employee fraud, it is important that management and those charged with governance consider the risk of fraud for the organization and the appropriate measures to put in place to mitigate those risks. These measures will address both prevention and the timely detection of fraud to minimize any losses.
Take Our Assessment
Think your business is immune to fraud? Take our assessment to find out.
Ethics Alert Services
Protect your organization against financial and reputational harm by providing a discrete, independent and secure whistleblowing service.
Contact Our Forensics & Litigation Support Team
Lisa Majeau Gordon FCPA, FCA, CA•IFA, CFE, CFF
National Leader, Forensics and Litigation Support
Corey Bloom FCPA, CA•IFA, CFF, CFE, ACFE Regent Emeritus
Partner, Eastern Canada Leader (Quebec, NCR and Atlantic Canada), Forensics, Investigations and Disputes
