Quick Read
Fraud imposes costs far beyond direct financial loss—damaging trust, inviting regulatory scrutiny and harming reputation—making independently assured fraud controls a competitive and compliance necessity. ISO 37004 establishes the benchmark for fraud control management systems, requiring organisations to demonstrate not just that controls exist, but that they operate effectively in practice through clear governance, risk assessment and monitoring. Speeki helps organisations align with ISO 37004 through structured gap analysis, practical training and independent assurance engagements that give boards, regulators and investors confidence fraud risk is actively managed.
Use case
How structured fraud control protects your revenue, reputation and regulatory standing
Fraud costs organisations far more than the direct financial loss. It damages customer trust, triggers regulatory scrutiny, diverts management attention and creates long-term reputational harm. Organisations that can demonstrate independently assured fraud controls are better positioned to prevent losses, satisfy regulators and maintain stakeholder confidence.
Speeki helps organisations build and assure fraud control management systems aligned with ISO 37004. Speeki combines deep subject-matter expertise with a structured assurance approach that gives boards and regulators confidence that fraud controls are operating as intended.
Why this matters
Fraud risk is increasing as organisations digitise operations, expand into new markets and work with more complex third-party networks. Regulators expect organisations to demonstrate not just that fraud controls exist, but that they work in practice.
Organisations without independently assured fraud controls face higher financial losses, greater regulatory exposure, increased insurance costs and difficulty demonstrating to investors and partners that fraud risk is actively managed.
What effective fraud control looks like
ISO 37004 defines the benchmark for fraud control management systems. Organisations that align with this guidance demonstrate:
a fraud control policy backed by practical procedures
risk assessments that identify where the organisation is most vulnerable
preventive and detective controls that are proportionate to the risk
clear governance with defined accountability for fraud oversight
monitoring and review that keeps controls current as risks evolve
corrective actions that address root causes, not just symptoms.
Demonstrating this credibly requires independent assurance – which is where Speeki comes in.
What working with Speeki looks like
Speeki works alongside organisations from initial assessment through independent assurance and beyond, building a relationship that compounds value over time.
Understand your fraud exposure
Speeki conducts structured gap analyses to assess your existing fraud controls against ISO 37004 guidance. You get a clear view of where controls are effective, where gaps exist and where the most significant fraud risks lie – before any formal assurance engagement.
Build internal capability
Speeki delivers practical fraud control training covering risk assessment, control design and investigation protocols. Organisations with well-trained teams detect fraud earlier, respond more effectively and maintain stronger controls over time.
Get independently assured
Speeki conducts independent assurance engagements to assess whether your fraud controls are operating as intended – not just documented. This gives boards, regulators and investors confidence that fraud risk is actively managed.
Stay ahead of evolving risks
Fraud risks evolve as organisations change, enter new markets and adopt new technologies. Speeki provides periodic reassessments to confirm your fraud controls remain aligned with ISO 37004 and reflect your current risk profile.
See the bigger picture
Every Speeki assurance engagement includes Assurance Intelligence™ – year-to-year trend analysis showing how your programme is maturing, scenario modelling to support strategic planning, and anonymised benchmarking against peer organisations. This means you can see where you stand, where you’re heading and how you compare – turning assurance from a compliance exercise into a source of competitive insight.
What you gain
Organisations that work with Speeki on fraud control assurance typically see:
reduced financial losses through earlier detection and stronger prevention
improved regulatory standing and reduced enforcement risk
greater board and investor confidence in fraud risk management
lower insurance costs through demonstrably effective controls
competitive benchmarking and trend intelligence that informs fraud control strategy.
Organisations that complete the assurance engagement receive an independent assurance opinion – evidence that fraud controls are designed and operating effectively in line with ISO 37004 guidance.
About Speeki
Speeki is an independent assurance company helping organisations worldwide turn their compliance, sustainability and ESG initiatives into a competitive advantage. We combine subject-matter expertise, structured audit methodologies and Assurance Intelligence™ to deliver assurance engagements that support long-term governance maturity.
Ready to make fraud control a source of confidence rather than concern?
Contact Speeki to discuss how independent fraud control assurance can protect your revenue, strengthen regulatory relationships and build stakeholder trust.