A 2-Minute Diagnostic for Organizations
Alena Forensic Advisory

Organizations can use the following questions to assess their exposure to potential financial fraud or irregularities.

Instructions:
Answer Yes or No to each question.

Governance & Oversight

1. Does your organization have clearly documented internal financial controls that are consistently followed?

2. Are financial responsibilities separated (e.g., different individuals handling authorization, recording, and payment)?

3. Does management regularly review financial reports and question unusual variances?

Procurement & Payments

4. Are vendors verified before being added to the supplier list?

5. Are changes to vendor bank details independently verified before payments are processed?

6. Are procurement processes transparent and supported by proper documentation?

Financial Monitoring

7. Does your organization conduct periodic internal or independent financial reviews?

8. Are unusual transactions or manual journal entries reviewed and approved by senior management?

Culture & Accountability

9. Do employees feel safe reporting suspected financial misconduct or irregularities?

10. Does your organization have a clear process for investigating financial concerns when they arise?

Interpreting Your Results

8–10 YES answers
Your organization likely has strong financial governance practices in place, although periodic independent reviews are still advisable.

5–7 YES answers
Some control gaps may exist. Strengthening oversight and internal processes could reduce exposure to financial risk.

Below 5 YES answers
Your organization may face significant fraud risk exposure, and a structured review of financial controls may be beneficial.

When to Consider Professional Support

Organizations may benefit from forensic advisory support where:

• financial irregularities are suspected
• internal controls require strengthening
• disputes involve financial transactions
• independent financial analysis is required

About Alena Forensic Advisory

Alena Forensic Advisory provides forensic accounting, financial investigation, and fraud risk advisory services. We support organizations, legal professionals, and insurers by analyzing financial records, identifying irregularities, and delivering objective financial insights to assist in resolving complex financial matters.

Concerned about potential financial risks in your organization?
Alena Forensic Advisory provides independent forensic accounting and fraud risk advisory services.

Contact us to learn more.