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Strategic Consulting
Security & Compliance
Essentials: The more "Yes" the better is the protection against fraud:
- We have established a department against fraud already.
- Compliance is dealt with in our meetings with the Board and the Audit Committee.
- In past we got some hints to possible fraud issues and could identify the fraudulent person in some cases.
- Our company ethic code is known by all employees, updated regulary and discussed with management in beforehand.
- The amount of inventory differences and waste are well known.
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Consulting topics: The more "Yes" the more you get from consulting:
- Whistle blowing is known, we intend to introduce a regarding process in near future.
- Anonymous hints are not scrapped. They were analysed thoroughly by experts. Based on that we decide about the need for investigations.
- Freeze of debt accounts, bare acknowledgement of debts, attachment are well-known tools that brought us back some money in the past.
- D&O insurance is used against manager fraud.
- RMS, Internal Control , and Internal Audit are standard governance tools in our company.
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