Detecting fraud is only the beginning of the problem. In practice, disputes, recovery actions, insurance claims, and litigation often turn on whether losses can be measured accurately, supported by evidence, and presented in a defensible way. Weak assumptions, double counting, and poorly structured calculations can undermine otherwise strong fraud cases and create significant exposure during negotiations or court proceedings.

This session examines how fraud losses are quantified from a practical financial and evidential perspective. Using real-world loss modelling concepts, participants will explore how direct losses, hidden costs, procurement inflation, payroll abuse, asset diversion, and lost profits are analysed and linked to transaction evidence. The webinar focuses on building defensible damages models suitable for investigations, recovery actions, expert reporting, and legal review.

Key Topics Discussed:

• Distinction between fraud detection and practical measurement/quantification
• Legal, ethical, and operational dimensions of fraud
• Building a defensible calculation of economic damages to support court cases or claims
• Components of fraud losses (direct losses, lost margins, inflated costs, misappropriated assets, and reputational damage)
• Avoiding double counting and unsupported assumptions in financial quantification
• Evaluating visible losses vs. hidden economic damages beneath the surface (e.g., project delays, internal reconstruction costs, administrative waste)
• The role of accounting judgment and financial analysis over mechanical calculation structures