All processes are open to fraud in companies lacking an effective internal control system. In such cases, the only solution is the review of processes and operations objectively by a competent external service provider in order to reveal frauds or areas open to fraud.

As a part of internal audit services, RoyalCert provides fraud monitoring and investigation service to its clients. In principle, unless otherwise agreed, results of these services offered as one-time or regular services and recommendations on solutions are shared directly with the company partners.

The following activities are carried out within the scope of fraud monitoring:

• Formation of a fraud monitoring unit
• Identification of fraud risks
• Development of internal control systems identifying and preventing fraud
• Fraud inspections and investigations
• Anti-fraud training