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Internal Controls & Fraud Prevention

Reciprocity

Internal Audits. Solid internal audit procedures limit the risk of fraud. Along with management reviews, internal audits are critical to assess existing anti-fraud controls and assure they remain effective and up-to-date. External Audits. It is a single source of truth that ensures your organization is always audit-ready.

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Risk Assessment vs Risk Analysis

Reciprocity

Audit risk. After identifying the risks, it’s time to perform the risk analysis and develop action plans. Implement controls and risk response plans to prevent and mitigate risk. Workflow management features offer easy tracking, automated reminders, and audit trails. Here are some others: Financial risk.