Cheating and Abuse Control

Deception is the deliberate actions in order to gain an unfair or unlawful interest making by management, persons responsible for senior management, employees or third parties.

Fraud, on the other hand, is a concept that includes irregularity, corruption, bribery and even deception.

According to international studies it is estimated that 5% of company revenues are lost through abuse.

There are regulations in various forms of control regarding cheating and fraud. There are certain regulations in The Certified Public Accountancy Legislation, the International Institute of Internal Auditors (IIA), the Independent Audit Standards issued by the KGK and the Communiqués Published by the SPK.

Financial Axis provides “Cheating and Fraud” Auditing service by blending these legislative sets and forms of control within an integrated structure. Financial Axis believes that in these audits, the purpose is more important than taking fraudulent action, and taking measures to prevent fraud and cheating, and offers solutions.