Templates
Fraud risk assessment template PWC

Fraud risk assessment template PWC

Strengthen your organization’s defenses with our fraud risk assessment template inspired by PWC. Identify risks, implement controls, and ensure compliance.

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  • Customize this template or build your own
  • Fill out templates via mobile app
  • Get reports and analyse your data
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Fraud risk assessment template PWC

Strengthen your organization’s defenses with our fraud risk assessment template inspired by PWC. Identify risks, implement controls, and ensure compliance.

Use this template with Lumiform

  • Customize this template or build your own
  • Fill out templates via mobile app
  • Get reports and analyse your data
Prices start from ░░░ per month
Book a demo
Learn more
or Download template as PDF

This PWC-inspired fraud risk assessment template aids you in building a robust defense against financial misconduct in your organization. The evaluation covers four critical areas: your fraud risk management program, leadership’s commitment to integrity, control environment strength, and response capabilities.

The Association of Certified Fraud Examiners found that asset misappropriation schemes represent 89% of fraud cases with billing and theft of non-cash assets being the most common schemes. This template enables you to pinpoint specific vulnerabilities allowing you to implement targeted controls before fraudulent activities occur.

Related categories

Created by

Author Name Oti Francis
Preview of the template
Page 1
Fraud Risk Assessment
Does the organization have a formal fraud risk management program in place?
Has the organization conducted a formal fraud risk assessment in the last 12 months?
Has the organization implemented mitigating controls around high-risk fraud schemes?
Does the organization provide fraud awareness training to employees?
Does the organization have a formal process to investigate allegations of fraud?
Does the organization have a formal process to report and escalate fraud incidents?
Tone at the Top
Does the organization's leadership demonstrate a strong commitment to ethical behavior?
Does the organization's leadership actively promote a culture of integrity?
Does the organization's leadership set the right example through their actions?
Internal Control Environment
Does the organization have a robust system of internal controls in place?
Is there a formal process to monitor the operating effectiveness of internal controls?
Does the organization have a formal process to address control deficiencies in a timely manner?
Fraud Detection and Response
Does the organization have a formal process to detect and investigate fraud?
Does the organization have a formal process to report and escalate fraud incidents?
Does the organization have a formal process to remediate fraud incidents and implement lessons learned?

Frequently asked questions

Who should be involved in completing this fraud risk assessment template?

Form a cross-functional team including finance, operations, IT, HR, and legal representatives. This diverse group ensures comprehensive coverage of fraud risks across departments. Senior management involvement is crucial for addressing “tone at the top” questions and implementing recommended control improvements.

What documentation should I gather before starting this fraud risk assessment?

Collect previous assessment results, internal audit reports, known fraud incidents, organizational charts, process flowcharts, and control documentation. Having these materials ready will make the assessment process more efficient and ensure you can accurately evaluate your current fraud risk posture.

How can I adapt this PWC-inspired template for my specific industry?

Focus on industry-specific fraud schemes. For healthcare, examine billing fraud; for manufacturing, inventory theft; for financial services, transaction manipulation. Add questions addressing your unique risks while maintaining the template’s core structure covering management programs, culture, controls, and detection.

Author
Oti Francis
Oti Francis is a versatile Content Writer specializing in B2B and B2C content. Passionate about using content to drive audience engagement, brand ROI, and business success, Oti excels in creating impactful, SEO-optimized materials. At Lumiform, they contribute to enhancing workflow automation and operational excellence, bringing creativity and strategic insight to every project.
This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.