Development of an Anti-Fraud Program
A for-profit manufacturing organization loses a certain percentage of its annual revenue to fraud. Fraud occurs regardless of organizational size or type. Every organization is vulnerable to fraud. Fraud risk must be reduced as much as possible, hence preventing, deterring, and detecting fraud are crucial. Deterring and preventing fraud can be more economical than detecting, investigating, and recovering from fraud after-the-fact. These anti-fraud measures must start at the top and be communicated to all levels of the organization. They must go beyond internal controls and must be implemented on a cost-benefit basis.
In a 9-11 page, double-spaced paper, develop an anti-fraud program, or model, that can be implemented in an organization. This model, if applied correctly, must be efficient in preventing, detecting and deterring fraud. At the minimum, your model must address the following factors:
• Fraud risk
• Fraud risk assessment
• Employees' behavioral expectations
• Fraud prevention policies and procedures
• Fraud detection policies and procedures
• Fraud deterrence policies and procedures
• Cost-benefit analysis.
Spend time to ensure that the formatting complies with CSU-Global Guide to Writing and APA Requirements, and thoroughly proofread and grammar-check your final product. Be sure to examine the Portfolio Project Rubric to guide your project writing and presentation. If calculations are included, place them in a table in the Word document. Include a list of six to eight references cited and integrated in your paper. The CSU-Global Library is a good place to find these references. Your references must be credible and formatted according to CSU-Global's APA requirement.
Here are some additional resources that will assist you in completing this project:
• Managing The Business Risk of Fraud: A Practical Guide
• Fraud prevention and anti-fraud programs information. You will find it useful to check out the resources and links within this website.
• Final Report: Strategic Plan for Fraud Prevention, Fraud Detection, and Fraud Deterrence. Download a free copy of the e-book with registration.
• Schilit, H. M., &Perler, J. (2010). Financial shenanigans: How to detect accounting gimmicks & fraud in financial reports (3rd ed.). New York, NY: McGraw-Hill.
• Free fraud resources from the following professional websites:
www.acfe.com
www.acfsnet.org