HRA recognises Operational and Financial Risks have serious setbacks to every company, particularly where there is a large cash volume.
Fraudsters mainly succeed in daily internal business processes. They know how to manipulate the criminal activities that go unnoticed over a period of time. It is only at some random checks that unidentified differences are highlighted.
Senior Management Team often overlook such unethical practices that are compensated with cost savings. A Head of Department might strategically reward himself or herself for extra effort through service charge, only to be noticed when the basic salary is benchmarked by the industry norm through intelligence analysis.
Front of House risks are widespread from credit card frauds to cash misappropriation. Guests’ bills are overcharged through items like Theatre Tickets and various other items. They commonly get unnoticed, particularly when the staffs committing them in operational areas are supervised by trusted managers who are supported by Senior Management Team
HRA helps you to set appropriate systems and procedures to identify unethical practices Every cash loss arising from operational risk is equivalent to 10 times the sales value.
We assist you in risk compliance procedures,reporting structures, collating the evidence ,interviewing the fraudsters, intelligence gathering,lifestyle,examining the proceeds from crime act and recovering the assets within accounting guidelines and management principles.
HRA investigates cases where CPS decline to prosecute fraudsters and advises you on asset recovery process.
HRA traces assets acquired through the proceeds of crime act and develop a startegy to recover them