In a constantly changing environment characterised by increasing internationality, decentralisation and complexity of business activities, the risks of white-collar crime in and against companies are constantly increasing.
Comprehensive protection against white-collar crime
If your company is involved in white-collar crime, this is an exceptional situation with consequences that are difficult to calculate, as they can have a negative financial impact as well as significantly damaging your company's reputation.
Knowing which risks your industry and your processes are particularly vulnerable to and whether existing preventive measures are effective is essential for comprehensive protection against white-collar crime.
Our range of services
(Inter)national legislation requires the establishment and regular review of preventive measures.
Only the effective design of preventive measures in all business areas and across all corporate units makes it possible to minimise the risk of white-collar crime.
We offer you an approach that is customised to your company and your challenges:
- Fraud Surveys: Systematic, IT-supported recording and evaluation of the appropriateness of existing anti-fraud controls in key business processes
- Data pre-analysis: IT-supported evaluation of your accounting data using forensic test routines to identify conspicuous transactions
- Guideline Screening: Examination of guidelines and process descriptions to determine the target processes
- Process walkthroughs: Discussions with employees to analyse the actual processes in the company
- Forensic sample: evaluation of a qualified sample selected according to forensic risk criteria in order to specifically analyse critical business transactions
Following the fraud risk assessment, we draw up short- and long-term recommendations for action, which we can help you implement if required.
Individual workshops to sensitise and strengthen the risk awareness of your employees reduce the risk of white-collar crime.
The risk of becoming a victim of white-collar crime is high!
The exclusive use of control-based approaches is proving to be insufficient today to counteract the risk of white-collar crime and misconduct.
Enabling employees in strategic areas of the company (e.g. sales, purchasing, HR) to recognise risks and act appropriately is the central aim of our integrity and awareness training.
The customised design and implementation of interactive training courses and workshops on dilemma situations using alternative media puts you in a position to sustainably reduce white-collar crime and thus difficult-to-calculate consequences, e.g. liability risks, financial losses and damage to reputation.
Identification of fraud risks through online questionnaires
The worldwide recording and systematic evaluation of current fraud risks and weak points in the core areas of the company help to recognise white-collar crime risks in good time. Not only in Germany.
Almost every company is regularly affected by white-collar crime, and internationally active companies much more frequently. Risks are generally posed by internal and external perpetrators. As the consequences of white-collar crime, such as sanctions, reputational damage or fines, always result in high and long-term consequential losses, the assessment of risks is more important than ever for companies.
In order to counteract the risks of white-collar crime and ensure that companies are able to react, it is important to analyse core processes fundamentally and company-wide and to shed light on critical process activities.
Identification of control weaknesses and misconduct
The KPMG Fraud Surveys provide you with an overview of current fraud risks as well as other process and control weaknesses in the core areas of your company (e.g. in sales, purchasing, logistics, HR, finance and controlling). These are online questionnaires that enable a complete process mapping of the core areas.
The modular structure of the questionnaires allows you to decide which modules are to be used and which areas of the company are to be comprehensively analysed, both at home and abroad. Adapting the questionnaires to your company and your sector ensures a customised analysis of your individual risk. As a result, you receive an overview, if desired as a digital dashboard, of your company's fraud risks and weak points as well as recommendations for action for the identified risk factors.
Advantages of the Fraud Survey
- Processing time of only approx. 30 minutes via PC, tablet or smartphone
- Individual customisation and therefore tailor-made analysis of your individual risk
- Vertical (additional business processes) and horizontal (possible subsidiaries) scaling
- Comprehensive animation and visualisation through big data analytics and digital dashboards
- Possibility of benchmarking
Based on the analysis, an anti-fraud management programme can be implemented or further measures can be taken to minimise and manage risks in the long term.
KPMG Fraud Surveys
Recognising, transparently presenting and efficiently countering white-collar crime risks
Recognise risks in good time and protect your company in all phases of the transaction
White-collar crime and other misconduct before or during M&A transactions can lead to financial damage, loss of reputation, fines and lengthy legal disputes.
In order to minimise risks, it is essential to identify anomalies in the transaction process and address control weaknesses.
Forensic due diligence is the examination of an organisation and its assets - for potential warning signals (so-called "red flags") for fraudulent activities. Before, during and after a transaction, we support you in identifying potential risks and efficiently structuring the integration process from a preventive perspective.
In addition to forensic interviews, extensive structured and unstructured data and documents from the target organisation are analysed and examined at transaction level in order to identify potential red flags such as conspicuous transactions, incomplete or falsified documentation.
We offer you an approach that is customised to your company and your challenges:
Screening phase
- Identification of potential corporate and personal ties as well as integrity-critical characteristics of acting companies/individuals as part of a comprehensive background investigation
Post-Signing/Pre-Closing
- Final assessment of the risks and preparation of a mitigation plan
- Follow-up of open points of the pre-signing phase
- Support with the fulfilment of the closing conditions
- Development of customised prevention concepts and support in the design of guidelines, processes and controls as well as in the establishment of whistleblower and third-party risk management systems
- Carrying out forensic risk assessments for processes and companies in Germany and abroad that may not have been analysed (in detail) prior to closing
Pre-Signing
- Recording, prioritisation and benchmarking of specific risks and identification of regulatory action requirements through analysis of guidelines, process mining techniques (digital process analysis), online surveys on core processes and (forensic) interviews
- Forensic transaction testing: identification of relevant balance sheet and income statement accounts and data-supported analysis of risk-relevant areas, for example other expenses, donations and sponsoring, as well as carrying out a cash flow, revenue, accounts payable and accounts receivable analysis
Post-Closing
- Supporting the comprehensive mitigation of risks identified during the forensic due diligence and other transaction processes as well as the implementation of further risk-reducing measures (e.g. training to raise risk awareness and promote integrity, integrity measurements).
More Insights on Fraud Risk Management
Your contact
Christoph Kampmeyer
Director, Audit, Regulatory Advisory, Forensic
KPMG AG Wirtschaftsprüfungsgesellschaft