Fraud Awareness

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Having a reputation for integrity is crucial to safeguarding market confidence and public trust. Unfortunately, fraud and misconduct can seriously undermine such efforts, exposing an organisation to legal, regulatory, or reputational damage. That is why we at Jumbo Ticket, use experienced business leaders to ensure that they have an effective approach to mitigating these risks. This is especially important in an environment marked by intense scrutiny and rising enforcement.

Organisations need to realize the growing importance of addressing/controlling the risk of fraud in a comprehensive and integrated manner, which would in turn benefit them in a number of ways. Evaluating anti-fraud programs, controls, ethical conduct and compliance with policies and procedures in the business process by assessing its vulnerability to fraud is the foundation on which effective anti-fraud processes are built. Jumbo Ticket keeps conducting a comprehensive periodic evaluation of anti-fraud controls with the help of fraud risk management tools that are tailored to our organisation’s processes that help check the adequacy of your existing anti-fraud programs and controls.

Jumbo Ticket’s web-enabled fraud and ethics survey tool assesses our organisation’s ethical culture, the attitude of its employees towards fraud, the awareness of fraud-related policies and procedures, and an employees’ willingness to report fraud and other serious misconduct. The web-enabled survey can also provide employees a chance to offer their suggestions to improve the control environment. This survey gathers anonymous feedback from employees and management by guiding them through a series of questions covering key areas such as:

Awareness of policies and communication
Organizational culture and code of conduct
Raising a concern about fraud and misconduct
Fraud risk management assessment
Conflicts of interest
Areas of improvement

The process also includes the analysis and production of an interpreted report of findings that includes identification of key issues, practical recommendations, and suggested steps.