bp2w® Diagnostic
fraud@work
The fraud@work diagnostic is designed to assess awareness, preparedness and behaviours related to fraud risk in the workplace. It encompasses a wide range of threats, from financial and expense fraud to data breaches and unethical practices.
Indicators Measured
Financial Fraud
Assesses awareness of and risks associated with the intentional misrepresentation of financial information.
Why it matters: Preventing financial fraud is crucial for maintaining investor confidence and the financial integrity of the organisation.
Inventory Theft
Reviews the controls and employee attitudes related to the theft of physical goods or assets.
Why it matters: Strong controls over inventory prevent direct financial loss and protect company property.
Misrepresentation of Credentials
Examines the risk of employees or applicants falsifying their qualifications, experience, or identity.
Why it matters: Verifying credentials ensures a qualified and trustworthy workforce and prevents competency and security risks.
Time Theft
Assesses dishonest practices related to tracking work hours, such as falsifying timesheets or taking excessive breaks.
Why it matters: Addressing time theft ensures fair compensation practices and protects productivity.
Bribery and Kickbacks
Examines the understanding of and vigilance against improper payments made to influence decisions.
Why it matters: Preventing bribery and kickbacks is essential to avoid severe legal exposure and reputational harm.
Confidential Data Breach
Assesses the risk and frequency of sensitive company or customer information being mishandled or stolen.
Why it matters: Preventing data breaches is critical for mitigating financial loss, reputational damage, and the erosion of customer trust.
Expense Fraud
Reviews controls and awareness around the submission of false or inflated expense claims.
Why it matters: Strict expense controls protect the organisation's financial health and ensure fairness.
