More than $5 trillion — that's the global annual cost of fraud and corruption, and the estimate does not include waste, fines, investigative costs, legal fees or lost business opportunities, nor does it include loss of brand value or morale and management distraction.
StoneTurn's Fraud, Waste and Corruption Consulting services are built upon two premises:
- Turn Risk Into Profit — Organizations can reduce revenue leakage, cut costs, and safeguard assets, information and intellectual property while protecting against civil, criminal and regulatory sanctions.
- Do-It-Yourself Approach — StoneTurn transfers knowledge, skills, tools and resources for clients to become self-reliant.
StoneTurn professionals, through their experience at global "Big 4" accounting firms and regulatory agencies, pioneered anti-fraud and anti-corruption processes and tools used by organizations and endorsed by standard setters worldwide. We have trained thousands of professionals and successfully conducted hundreds of fraud, waste and corruption-related engagements.
Services provided by the Fraud, Waste & Corruption Consulting group include:
Anti-Fraud and Corruption Program Assessments
Board and Senior Management Presentations
Co-Sourcing and Staff Augmentation
Forensic Technology Services
Fraud and Corruption Audits
Fraud and Corruption Risk Registers
Preventative and Detective Controls
Risk-Specific Audit Procedures
Training and Coaching