Fraud Risk Assessment Services

The Vendor is required to provide fraud risk assessment services from expert, independent, certified individuals and firms, to review and evaluate internal controls currently in place and to identify potential weaknesses and areas needing improvement.
- Assessment of the potential risk for fraud based on the town’s current general practices and policies and procedures; and that the vendor will issue a report that:
• Identifies areas most vulnerable to fraud;
• Assess how effective current controls are against possible fraud;
• Determines if adequate fraud prevention measures exist;
• Make recommendations for specific practices, policy, and procedure improvements.