Knowdys relies on a rigorous and proven methodology to assess the risks of corruption and fraud:

Risk Identification

Risk mapping: Knowdys utilizes tools and methodologies to identify the different types of corruption and fraud risks that the company may face.

Analysis of internal and external factors: Knowdys takes into account internal factors (governance, culture, financial situation) and external factors (regulatory environment, economic context, etc.) to identify potential risk sources.

Risk Analysis and Evaluation

Assessment of probability and impact: Knowdys evaluates the likelihood of each risk occurrence and its potential impact on the company.

Use of analysis tools : Knowdys employs risk analysis tools, such as probability and impact matrices, to quantify risks and prioritize their treatment.

Expert consultation: Knowdys can consult experts in corruption and fraud to obtain a more accurate assessment of the risks.

Action Plans and Mitigation Measures

Development of action plans: Knowdys develops action plans for each identified risk, defining the actions to be implemented to mitigate or prevent them.

Monitoring and evaluation of measures: Knowdys establishes a monitoring system to track the effectiveness of mitigation measures and adjusts them if necessary.

Key strengths of Knowdys’ corruption and fraud risk assessment include

Holistic and multidimensional approach: Knowdys considers all risks that the company may face, regardless of their nature.

Rigorous and structured methodology: Knowdys relies on a proven methodology to ensure accurate and reliable risk assessment.

Concrete and pragmatic recommendations: Knowdys provides tailored and practical solutions to meet the specific needs of each company.

In summary, Knowdys offers a comprehensive solution for assessing corruption and fraud risks. By identifying, analyzing, and evaluating risks in a holistic and rigorous manner, Knowdys enables companies to make more informed decisions and minimize potential negative impacts.

Here are some concrete examples of how Knowdys conducts corruption and fraud risk assessment

Corruption risks

Analysis of the company’s internal policies and procedures related to corruption.

Evaluation of risks associated with interactions with public officials, clients, and suppliers.

Analysis of high-risk geographical areas for corruption.

Fraud risks

Analysis of the company’s internal processes to identify vulnerability points to fraud.

Evaluation of risks related to cyber-attacks, embezzlement, and data manipulation.

Analysis of previous fraud cases within the company.

Knowdys is committed to providing clients with accurate and reliable assessment of corruption and fraud risks they may face. With a rigorous methodology and proven expertise, Knowdys enables companies to make more informed decisions and minimize potential negative impacts.