Internal Controls and Antifraud Programs (English)

in Executive Roadmap to Fraud Prevention and Internal Control ; 105-132
Executive Roadmap to Fraud Prevention and Internal Control : Creating a Culture of Compliance
John Wiley & Sons, Inc. , Hoboken, NJ, USA; 2015

The best way to ensure a culture of compliance in an organization is through an appropriately designed internal control and anti‐fraud program. This chapter highlights that in 2002, the Fraud Task Force of the American Institute of Certified Public Accountants (AICPA) commissioned a study to provide guidance to help prevent and detect fraud. The American Institute of Certified Public Accountants’ Management Antifraud Programs and Controls is a 14‐step program that any organization can implement to detect and prevent fraud. The steps include creating a culture of honesty and high ethics, evaluating antifraud processes and controls, and developing an appropriate oversight process. Management must conduct periodic assessments of the risk of fraud at all levels and document the results. In most cases, companies predict the risk of fraud based on past events and current conditions. Although an outside audit can identify control gaps, only an honest inside assessment can truly gauge a company's risk of fraud. Boards and senior management of the companies rely on the Enterprise Risk Management (ERM) program to help them understand and manage their company's most important risks and avoid fraud. A good ERM program will help a company understand and articulate its most important risks and risk management options across several dimensions.

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Table of contents eBook

The table of contents of the ebook proceedings is generated automatically and are based on records of articles contained that are available in the TIB-Portal index.

1
Fraud's Feeding Frenzy
| 2015
23
Fraud Theory and Prevention
| 2015
47
The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: COSO to Sarbanes‐Oxley
| 2015
81
The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: SAS 99 to the 2010 Amendments to the Federal Sentencing Guidelines for Organizations
| 2015
105
Internal Controls and Antifraud Programs
| 2015
133
Financial Statement Fraud
| 2015
157
Internal Fraud: Protecting a Company
| 2015
171
Former Fraudster and New Man
| 2015
185
External Schemes and Scams: The Rest of the Fraud Story
| 2015
205
Not Too Big to Fail
| 2015
231
Designing a Robust Fraud Prevention Program
| 2015
255
Whistleblowers and Hotlines
| 2015
287
Time to Do Background Checks
| 2015
307
Training, Training, and More Training
| 2015
329
Global Fraud and Corruption Risk
| 2015
349
The Feds Are Watching: What to Know and Do Now
| 2015
371
A Fraud Prevention Culture That Works
| 2015
391
ACFE Fraud Prevention Checklist
| 2015
395
About the Authors
| 2015
399
Index
| 2015
i
Front Matter
| 2015

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