Internal Control & Fraud Risk Vulnerability Studies
Identify Risk. Strengthen Controls. Protect Public Trust.
Annual financial statement audits are not fraud risk assessments. The responsibility for maintaining effective internal controls rests solely with management.
65th North Group provides independent internal control and fraud risk vulnerability studies for public sector organizations seeking a clear understanding of operational, financial, procedural, or system-related vulnerabilities.
Our studies provide management with practical insights into internal control conditions, fraud risk exposure, policy gaps, process weaknesses, and opportunities to strengthen operational integrity. These studies are entity-wide: all departments, all divisions, all functions.
We Identify:
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Internal control vulnerabilities
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Fraud risk exposure
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Purchasing, payment, revenue, and cash-handling risks
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Policy and procedure gaps
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Segregation of duties concerns
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Documentation and approval weaknesses
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System access, audit trail, and exception-reporting concerns
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Opportunities to strengthen accountability and reduce risk
Practical, Actionable Results
65th North Group provides clear findings, realistic recommendations, and prioritized implementation guidance that management can use to strengthen controls and reduce vulnerability.
Our recommendations are practical, actionable, and tailored to the organization’s operations, structure, systems, policies, and risk environment.
Why This Work Matters
The annual financial statement audit serves an important purpose, but it is not designed to identify vulnerabilities in internal controls and fraud risk across the organization.
Internal controls are management’s responsibility. An independent vulnerability study gives management a practical way to identify concerns before they become larger financial, operational, or reputational problems.
Why 65th North Group
Our team brings public sector management, internal control, fraud risk, and investigative experience to each engagement. We understand how public sector organizations operate and how to identify realistic improvements that strengthen accountability without creating unnecessary administrative burden.
Our work is independent, professional, and focused on helping management protect public resources, reduce risk, and strengthen operational integrity.
Contact 65th North Group to discuss an Internal Control & Fraud Risk Vulnerability Study for your organization.