Mystery shopping is one of the market research methods to measure the brand experience of the consumer base. This research requires individuals under the disguise of potential buyers (mystery shoppers). It allows companies to have an objective insight as a basis to improve their businesses. What do the mystery shoppers observe...
Asset tracing is a part of the financial investigation that involves tracing and identifying the assets of a particular entity or individual. Why would an entity or individual need an asset tracing? Let us say a company is facing a situation in which one of its employees is suspected as...
To get an insight on how your candidate actually performs on the job, it is absolutely necessary to contact your candidate’s former direct superior. You might get other information of the candidate’s employment history such as the length of service and position or title from their previous HR, but it...
Most companies usually only screen their employees once during the pre-hiring stage to ensure that data provided in the resume / CV such as ID, residential address, education, and employment history are accurate. Post-hire screening or more popular as Continuous Monitoring is as important as pre-hiring as it provides employers with...
According to ACFE’s 2018 Report to The Nations, tips were by far the most common means of fraud detection at 40% of the most cases. However, many companies undermine the critical role play of tips, thus they do not provide adequate reporting channels. In general, companies that have just started a...
According to ACFE’s 2018 Report to The Nation, each company loses an average of 5% from its annual revenue. In response to the expensive costs, many companies have implemented strong internal control and prevention program (e.g., whistleblowing system) to safeguard the companies. However, those efforts will be left in vain...
Running due diligence on prospective vendors is a logical way to minimize all potential risks that may arise once the cooperation runs. The thorough and well- executed due diligence brings the valid outcome which is key for business in selecting the right vendor. There are three common pitfalls that companies...
Having a whistleblowing hotline does not automatically prevent the fraud from occurring. A company should maintain its effectiveness from time to time, which is not as easy as it looks. Many companies incorrectly assume that everything is going well and there are no illegal activities occurring based on a...
