FORENSIC services have historically been associated with investigations—mobilised only after fraud, misconduct, or a regulatory breach had already occurred. Many organisations still manage fraud reactively: an issue surfaces, an investigation is launched, and management scrambles to contain the fallout, often with a keen eye on the quantum of loss and the cost of the investigation.
Yet the real cost extends far beyond the financial loss – it includes operational disruption, reputational damage, erosion of stakeholder confidence, and the inevitable leadership question: “How did we not see this earlier?”
In today’s fast-paced, data-driven environment, that question is becoming harder to justify. In most cases, warning signs already existed—but were not detected in time.
A shift is underway. The Association of Certified Fraud Examiners (ACFE) consistently identifies tips as the leading method of fraud detection, while over half of frauds stem from control gaps or overrides—indicating that the issue frequently lies in control execution, not simply “bad people”. As a result, organisations are moving beyond reactive responses towards continuous assurance, integrating proactive Fraud Risk Monitoring (FRM) with trusted Whistleblowing (WB) frameworks to strengthen early detection, accountability, and organisational resilience.
For decades, organisations have relied on internal controls and audit cycles to manage fraud risk. While these mechanisms remain important, they have...
WASHINGTON: US President Donald Trump resurrected long-debunked claims about fraud and foreign interference in the 2020 election, alleging in an address Thursday that China stole millions of voter...