This document discusses key areas to consider in identifying and reducing fraud, waste, and control losses at foreign locations: professionalism, audit, process, and policy. It provides a 10-point assessment scale for each area and an embedded calculator to estimate potential loss rates ranging from 5-30% based on the scores. Several examples are given showing how different combinations and focuses on the areas can affect loss percentages. The conclusions emphasize that the biggest levers for reducing risk are professionalism through developing staff and implementing standard company processes across locations.