The most cost-effective way to prevent fraud losses is to conduct a regular audit. Use this general fraud risk assessment template to evaluate vulnerability to any threat or fraud risk within the organization. This checklist contains 38 essential questions which are designed to test the effectiveness of their fraud prevention measures. Inspect if there are ongoing anti-fraud training provided to all employees. Check if fraud reporting mechanisms are in place and if open-door policies are implemented to help employees speak freely about pressures and other fraud risk factors.
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