Fraud Protection

Fraud Prevention & Ethics Programs

The vast majority of organizations do have an ethics policy.
But if you ask the employees of these organizations if they have
read this policy, they will reluctantly confess that they did not even
know that one existed! Fraud is preventable and the critical potential
from this risk can be mitigated. Federal corporate sentencing
guidelines specifically advise that the presence of a workable and
active crime prevention program within the organization will bear
significantly upon the verdict and size of penalty.  An ethics policy
and its procedures must be something that employees can rely upon
on a day-to-day basis. The ingredients include providing employees
with the capability to anonymously report concerns, giving employees
availability to advice when concerned with ethical decisions, and providing awareness and orientation programs to new and existing staff. Of course,
senior executives set the tone for this objective and their awareness of
how they are perceived is critical to the message delivered.  Fraud
prevention is also a matter of defensive strategy. Specific audits or risk assessments that identify serious potential fraud may assist in narrowing
defensive strategy focus.