Corporate Investigations

RAMA has a specialised team for undertaking Corporate Fraud Investigations across functional areas of several industries.

Fraud Risk Management

RAMA’s is having qualified and experienced professionals with relevant experience to assist management in assessing, improving and monitoring internal control structure with Fraud Risk Management. We help organisations create an FRM framework as a component of their overall risk management strategies, with the framework including various policies, procedures, tools and mechanisms for prevention, detection and investigation of fraud.

Fraud Risk Assessments

One of the greatest requirements of modern times is to understand the risks and increase the preparedness and ability to nip fraud and wrongdoing in the early stages. RAMA’s fraud risk assessment expands upon traditional risk assessment, it is scheme and scenario based rather than based on control risk or inherent risk.

Our assessment teams are able to identify the potential schemes and scenarios impacting the industries and geographic markets in which the organization conducts business. Our approach to assessment includes:
→ Evaluation of fraud risk factors and identify possible fraud schemes / scenarios
→ Prioritization of identified fraud risks
→ Evaluating whether mitigating controls exist or are effective
→ Documenting the risk assessment process & conclusions
→ Conducting periodic reviews and updates

Forensics Audits

During corporate fraud investigation assignments, need based assistance is also taken from the several experts as may be required like for background check, preliminary surveillance, digital forensic, legal expert, hand writing expert, data authentication and laboratory reports etc.

Whistle-blower Management (“Ombudsman”)

Well-governed and ethical companies need to constantly review risks arising out of misconduct, dishonesty or illegal activity. Such risks may are not always detected through internal control or audit. Anonymous tips are effective form of discovering unethical conduct and key to harnessing this information is a well-designed and efficient vigil mechanism which acts as a conduit for monitoring behaviour.

As an independent organisation, RAMA helps companies to extract real value of setting up a whistleblowing mechanism. The benefits of our specially tailored vigil mechanism for individual companies go far beyond mere compliance with legal statute laid down by the Companies Act 2013.

RAMA offers a dedicated email address and telephone number to channelize grievances and receive complaints, our vigil mechanism ensures:
→ The whistleblowing policy is seamlessly integrated in the company’s code of conduct
→ Separating genuine grievances from the malicious or frivolous
→ Unbiased and fair analysis of complaints
→ Assurance of anonymity
→ Detailed reporting tracker with fortnightly summary reports
→ Concluding cases by monitoring progress of complaints through a pre-defined matrix of oversight levels

Our independent vigil mechanism minimizes an organization’s exposure to the damage occurring from unreported unethical conduct. More importantly, we handle complaints in a highly confidential and non-partisan manner which encourages and strengthens the whistleblowing hotline.

“Funds End Use” Audits

RAMA offers tailored solutions in the areas of accountability reporting specially for financial instituions and banks wherein they assign the specific task of ascertaining and verifying the end use of funds. Our “End Use of Funds” audits encompasses an examination of a recipient’s financial records, financial statements and expenditures incurred, the general management of its operations and internal control systems to establish the genuinity of funds spent for the stipulated purposes.

Our services includes not only conducting a final evaluation to assess the expenditures, but also advising on the development of efficient frameworks or the establishment of appropriate preventative systems. We promote the necessary and desired transparency with respect to the use of the funds applied and the results of the project.