1. Aim Values Commitments
Bringing harmony
in what we do and around us
Being happy of working
Being proud of our work
Bringing smile
Respecting persons, environment
Caring budgets and planning
Objectivity, independence, probity
CAFG
Cabinet d’audit François GODETCabinet d’audit François GODETCabinet d’audit François GODETCabinet d’audit François GODET
Rue Alfred Brasseur, 81
B-5020 Vedrin (Namur)
Belgium
VAT : BE 0826 758 219
Phone : +32 (0)497 80 43 93
Skype: BEFGOD
Email : francois.godet@cafg.eu
be.linkedin.com/in/francoisgodet
KEY OBJECTIVEKEY OBJECTIVEKEY OBJECTIVE :
By openly addressing the risk of fraud :
Reduce the impact of fraud and restore margins,
Strengthen trust and confidence within the organization.
FRAUD management :
improve your margins.
The 2014 Global Survey of the Association Of Certified Fraud Examiners (ACFE) indicates that
Payroll fraud takes 24 months before being noticed;
Median value of fraud cases is 145.000 USD.
Being active and transparent in fraud management strengthens trust and confidence.
FRAUD :
address the risk to improve margins and build on trust.
KEY STEPSKEY STEPSKEY STEPS
Establishing a Fraud Risk Governance.
Performing Fraud Risk Assessments.
Setting up Fraud Prevention.
Detecting Fraud.
Investigating Fraud cases and
placing corrective measures.
METHODMETHODMETHOD :::
Creating a corporate ‘risk awareness culture’ :
the ‘tone from the top’.
Reviewing existing processes, methods and
documentation in order to :
include fraud management aspects,
identify fraud types,
identify fraudster profiles.
Developing an approved fraud risk framework.
Defining and executing detection tests
via specific data analytics tools (CAATTs).
Handling the identified cases.
Proposing corrective measures.
Reporting on activity.
CAFG addresses the 3 types of fraud at both
internal and external levels :
Asset Misappropriation,
Financial Statement Fraud,
Corruption.
OUTPUTOUTPUTOUTPUT :::
Corporate Fraud Management Policy
Fraud risk mapping
Detection: defining and planning tests
Reporting on testing and case handling
Proposal of corrective measures
Fraud reduction, improvement of margin
LOGISTICS and DURATIONLOGISTICS and DURATIONLOGISTICS and DURATION :::
Access to information related to processes.
Access to databases (fraud detection).
Duration based on scope.
TARGET AUDIENCETARGET AUDIENCETARGET AUDIENCE :::
Scope to be defined in accordance with
Executive Management
Engagement conducted in relation with
Executive management or Audit Committee
or Fraud Management team
Case handling with Executive Management
and Legal Department