All organizations, regardless of size, must be aware of the risks associated with intentional fraudulent acts. Fraud activities can be executed from within an organization, by parties outside an entity, or by both. One of the primary ways to thwart fraud is to understand how and why it occurs. In this session, we delve into the reasons that both internal and external intentional defalcations take place. The material discusses how difficult it can be to see some of the motives driving those that undertake fraud. We then discuss measures that organizations can implement to help stop fraud activities and add security to the entire enterprise.<?xml:namespace prefix="o" />
Learning Objectives
Once participants have completed this session they should be able to: Understand the steps needed to implement a developed system of internal controls Build control measure schedules that function weekly, monthly, quarterly and yearly, and that are designed to test and monitor the internal control structure of an organization Show knowledge related to testing control measures to make sure they are working properly Understand the need to update existing controls to keep them viable as business operations change List methods that can be used to communicate policy and procedure changes to those that are affected by these changes
Major Topics
This session is taught via the use of case studies adapted from real world examples. These examples help establish the importance of properly implementing and maintaining internal control measures. The topics discussed in this session include: Considerations for the maintenance of an internal control system The types of policies and procedures organizations should utilize Reviewing and testing control measures Updating controls and implementing control changes
