Overview

Fraudulent activity can range from inflated expense claims, bribes from suppliers, high level corporate concerns over 'insider trading' or multi-million pound thefts.

When fraud occurs, internal procedures, corporate governance or regulatory requirements will require the management team to take allegations of fraud or financial irregularities seriously and ensure that proper consideration is given to all aspects of the investigation. The proper planning and management of any investigation is essential. A poorly handled first response could do more harm than good, for example by putting the wrongdoer on notice or invalidating insurance cover.

This briefing lays out the first steps to take after an organisation has been put on alert that fraud may have occurred.