Southeast Fraud Investigation Services has developed a proprietary, three-phase assessment process to identify areas in a business where the business has a weakness, or a vulnerability, to an embezzlement or corruption scheme. Following the completion of each phase, a comprehensive report is delivered accompanied by a presentation, which educates the business owner and provides cost effective ideas to strengthen or implement a control mechanism. We provide these services in the most cost effective manner possible.
Assessments
The Fraud Triangle
American criminologist Donald Cressey developed a theory – known as the Fraud Triangle – that explains the factors that lead to fraud and other unethical behavior. When businesses and organizations understand the Fraud Triangle, they can more effectively combat criminal behavior that negatively impacts their operations.
The Fraud Triangle is made up of three elements; Opportunity, Pressure, and Rationalization. Opportunity is the ability to execute the fraud plan without being caught. Pressure occurs when there is a financial or emotional force pushing towards fraud. And Rationalization is the personal justification of dishonest actions.
The Fraud Triangle provides a useful tool for organizations to assess their vulnerability to fraud and unethical behavior, and it provides a way to avoid becoming a victim. Generally, all three elements of the triangle must exist for an individual to act unethically. If a company can focus on preventing each factor, it can avoid creating favorable circumstances for fraud activity.