Nadir Ali, ACCA, CIA, CISA

Audit & Advisory

Radu Vacarelu

HR & Recruitment

+40 213195354
86 Emanoil Porumbaru
Sector 1, 011428 Bucharest

Fraud and bribery are a constant threat to business globally and in Romania. The universe of fraud risks changes over time as new risks, technologies, products, vulnerabilities and threats emerge. While fraudsters continuously seek breaches and gaps in your internal control systems, ASCENTOR can help you manage, assess and mitigate the threats and risks.

Fraud risk assessment and mitigation

We can help you assess and mitigate the fraud risks specifically applicable to your business:
  • Fraud risk assessment/management solutions
  • Anti-fraud procedures and programs
  • Code of conduct and ethics
  • Policies and procedures against computer fraud and cyber-crime
  • Design and implementation of anti-fraud controls

Assistance in combating fraud and bribery

We can help you identify and implement solutions for successful prevention and detection of fraud:
  • Anti-fraud procedures and policies
  • Code of conduct and ethics
  • Whistle-blower platform
  • Anti-bribery policies and procedures
  • Policies and procedures against computer fraud and cyber-crime
  • Design and implementation of controls against fraud, losses and wastage
  • Fraud response plan
  • Anti-fraud training

Forensic Accounting & Investigations

Dealing with white collar crime requires know-how, speed, discretion, and familiarity with the legal and regulatory framework. ASCENTOR can help you stop losses, identify perpetrators of economic crime and deal with them appropriately, while safeguarding your reputation, assets and intellectual property.

We offer a wide variety of services to tackle fraud and economic crimes, from compliance assessments to investigations and preparation of the economic case for court purposes:

  • Corporate investigations of fraud, misconduct, bribery and corruption allegations
  • Asset misappropriations
  • Regulatory matters
  • Compliance issues
  • Financial statement fraud
  • Capital projects and investments issues
  • AML/KYC issues
  • Losses and wastage
  • Procurement and supplier relationships
  • Assistance in criminal and employment matters
  • Preparation of court cases and other legal proceedings
  • Preparation of insurance claims, including D&O Liability and other malpractice insurance

In all cases, we use our investigations approach, which covers the necessary work steps from dealing with initial suspicions all the way to taking corrective actions.

This work flow has proven to be cost effective for our clients and allows us to focus our attention only to areas where there are visible indicators of economic crime:

  • Assessment of the substance of allegations and identification of indicators of fraud and economic crime.
  • Detailed investigation of the transactions and areas where there are indicators.
  • Remediation in the form of assistance in legal, administrative, disciplinary and contractual proceedings