Dedicated to Protecting Your Reputation BKD NATIONAL HIGHER EDUCATION GROUP

Transcription

1 Dedicated to Protecting Your Reputation BKD NATIONAL HIGHER EDUCATION GROUP

2 experience security In the age of Big Data, IT security concerns and pervasive fraud, colleges and universities face many of the same risks as large companies. Protecting your reputation is tantamount to protecting your data and your assets. What are your exposures? BKD IntegraReport You need to know what s really going on inside your institution. Employees and students are your eyes and ears; do they have a way to anonymously report alleged fraud? Research shows fraud is much more likely to be detected through tips than another method, so it s imperative that your anti-fraud program include confidential reporting. A hotline acts as both a fraud deterrent and a tool for exposing schemes that might otherwise remain hidden. BKD s IntegraReport system allows anyone to report potential wrongdoing by calling the hotline or submitting information online. IntegraReport Benefits Offer way to anonymously report suspicious behavior by hotline or online Obtain tips from internal and external sources Offer hotline monitored by BKD fraud professionals Receive full transcriptions of tips Provide annual fraud awareness training for employees Receive forensic data mining services

3 Institutions like yours are generating enormous amounts of data every day, creating countless opportunities for fraud. These schemes can be detected by mining large data sets for suspicious patterns. Who s scrutinizing your data? Data Mining & Analytics According to the Association of Certified Fraud Examiners, the typical organization loses 5 percent of its annual revenue to fraud. Learning institutions produce large volumes of data about their enrollment and operations, and fraudsters rely on the size and complexity of this data to conceal their activities. BKD s data mining tools are designed to detect a multitude of procurement, disbursement and payroll fraud issues. We also can assist you with continuous auditing techniques. There s more to data analytics than detecting fraud. Is your athletic program complying with academic integrity regulations? BKD can help you identify grading patterns that indicate favoritism toward athletes over non-athletes. Other areas causing you concern? We can analyze data pertaining to accounts payable, campus sales activities, executive expenses, student financial aid and more.

4 Do your controls meet the necessary compliance requirements? Enterprise Risk Services Risk management concepts have historically been associated with internal audit. As a result, procedures related to managing risk have been performed in silos. Today s frameworks analyze risk more holistically, providing more consistency and better coverage of emerging risks. BKD has developed IntegraProtect as a comprehensive solution for assisting clients. Using an end-to-end methodology, our specialized resources can help you assess the maturity of your current control infrastructure as well as the design and operating effectiveness of the key activities in place. Our customizable approach looks beyond financial reporting controls to consider operational, information technology, strategic and regulatory risks. Depending upon your areas of concern or focus, we can tailor the scope to address any or all of your needs. Potential Dangers of Deficiencies Financial loss due to internal fraud or improper access Reputational and financial harm from compromised customer or proprietary information Costs associated with lost transactional data or other critical information Lost productivity from system downtime due to improper system changes or external influences

5 BKD can help you protect your reputation or rebuild it, if your institution has already been victimized by fraudsters, hackers or identity thieves. Our IntegraProtect suite of services is designed to help you protect and preserve your most valuable asset: your standing in the eyes of the community and those you seek to educate. IntegraProtect gives you access to our IntegraReport fraud hotline reporting service, data analytics consulting, network security assessment, IT risk control and gap analysis in the areas of IT governance and compliance. Our professionals will help you guard against: Fraud Asset misappropriation Identity theft Hacking Data theft Academic dishonesty And other hidden threats Visit bkd.com/integraprotect to learn more CLIENTS Whether you need help monitoring fraud reporting, analyzing data or assessing your IT environment, we invite you to experience guidance from a CPA and advisory firm that serves more than 100 colleges and universities.

6 BKD NATIONAL HIGHER EDUCATION GROUP THOUGHTWARE BKD s expertise spans a wide variety of industries and subjects, and our professionals share their knowledge in print, online and in person to help you advance your organization. Use the QR code below to sign up for BKD Thoughtware s. // articles // s // mobile apps // presentations // videos // webinars FOR MORE INFORMATION // Debi Ladyman // National Industry Partner dladyman@bkd.com // BKD National Higher Education Group bkd.com