Anti-Fraud Tools

Have the technology in place that will be used to address an incident (or ensure that it is easily obtainable). Institute basic cyber security procedures, such as a patch management program. Have procedures in place that will permit lawful network monitoring.

The companies which are required to constitute an audit committee shall oversee the vigil mechanism through the committee and if any of the members of the committee have a conflict of interest in a given case, they should recuse themselves and the others on the committee

Whistle-blowing, as it relates to Fraud, is the act of reporting Fraud, wastes, and abuse. Reporting any act of wrong doing is considered whistle-blowing, regardless, if it is reported by a public or private employee or to persons inside or outside of the victim’s organisation.

Code of Conduct is the highest policy document of an organization that sets the tone at the top. It is about defining core values, shared responsibilities, local and global commitments, and promises made by the company. It provides general guidance about the Company’s expectations on people behaviour

IP is “a tool for preventing corruption in tendering & contracting”, an Integrity Pact is a agreement entered into by a procuring entity with the vendor or bidder entity. The agreement includes a written commitment by parties to respect specific integrity standards during the procurement process.

The ACFE’s Fraud Risk Assessment tool is an invaluable resource for fraud examiners to use in identifying and addressing their clients’ or employers’ vulnerabilities to internal fraud. Fraud professionals can use this tool to assist organizations in identifying fraud risks and developing

Vehicle Search – It provides a nationwide search over the digitized data of Registered Vehicles. Stake holders may view the details of Registered Vehicles online based on the certain parameters viz

The management of assets through RFID has helped organization in capturing real time information about the assets and in turn has reduced auditing and tracking period significantly. It has also reduced cash outflow as the overall maintenance cost and expenditure on capital purchases