acfe fraud prevention check-up - BKD

More documents

Recommendations

Info

CriminologyFraud Prevention Programscash received shall be promptly recorded and deposited in a company orsubsidiary bank account. No funds shall be maintained in the form of cash,except authorized petty cash, and no company shall maintain an anonymous(numbered) account at any bank. Payments into numbered bank accounts bythe company might leave that company open to suspicion of participation in apossibly improper transaction. Therefore, no disbursements of any naturemight be made into numbered bank accounts or other accounts not clearlyidentified to the company as to their ownership.No payments can be made in cash (currency) other than regular, approved cashpayrolls and normal disbursements from petty cash supported by signedreceipts or other appropriate documentation. Further, corporate checks shallnot be written to “cash,” “bearer” or similar designations.Company Assets and TransactionsCompliance with prescribed accounting procedures is required at all times.Employees having control over company assets and transactions are expected tohandle them with the strictest integrity and ensure that all transactions areexecuted in accordance with management’s authorization. All transactions shallbe accurately and fairly recorded in reasonable detail in the company’saccounting records.Employees are personally accountable for company funds over which they havecontrol. Employees who spend company funds should ensure the companyreceives good value in return and must maintain accurate records of suchexpenditures. Employees who approve or certify the correctness of a bill orvoucher should know that the purchase and amount are proper and correct.Obtaining or creating “false” invoices or other misleading documentation or theinvention or use of fictitious sales, purchases, services, loans, entities or otherfinancial arrangements is prohibited.Employees must pay for personal telephone calls and use, except to the extentthat specifically defined benefit programs or allowances otherwise provide.Excerpted from Fraud Examiners Manual 10
CriminologyFraud Prevention ProgramsExpense ReimbursementExpense actually incurred by an employee in performing company businessmust be documented on expense reports in accordance with companyprocedures. In preparing expense reports, employees should review theseprocedures for the documentation in order to be reimbursed for businessexpenses.Company Credit CardCompany credit cards are provided to employees for convenience inconducting company business. No personal expenses can be charged oncompany credit cards except as specifically authorized by company procedures.Any charged personal expenses must be paid promptly by the employee.Company credit cards should not be used to avoid preparing documentation fordirect payment to vendors. Where allowed by local law, charges on companycredit cards for which a properly approved expense report has not beenreceived at the time of an employee’s termination of employment might bededucted from the employee’s last paycheck. The company will pursuerepayment by the employee of any amounts it has to pay on the employee’sbehalf.Software and ComputersComputerized information and computer software appear intangible, but theyare valuable assets of the company and must be protected from misuse, theft,fraud, loss and unauthorized use or disposal, just as any other companyproperty.Use of mainframe computers must be customer service or job related.Employees cannot access company records of any kind for their personal use.Misappropriation of computer space, time or software includes, but is notlimited to, using a computer to create or run unauthorized jobs, operating acomputer in an unauthorized mode or intentionally causing any kind ofoperational failure.Personal computers can be used for company-sanctioned education programsas well as personal use incidental to company business use with the permissionExcerpted from Fraud Examiners Manual 11
Page 1 and 2:
ACFE FRAUD PREVENTIONCHECK-UP
Page 3 and 4:
ACFE FRAUD PREVENTIONCHECK-UPThe Be
Page 5 and 6:
ACFE FRAUD PREVENTIONCHECK-UPACFE F
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Sponsored by:The Institute of Inter
Page 15 and 16:
Team Members:Toby J.F. Bishop, CPA,
Page 17 and 18:
Managing the Business Risk of Fraud
Page 19 and 20:
establish their own fraud risk mana
Page 21 and 22:
Fraud risk identification may inclu
Page 23 and 24:
Thus, to properly address fraud ris
Page 25 and 26:
The board also has the responsibili
Page 27 and 28:
• Implementing adequate internal
Page 29 and 30:
Fraud Risk Management Program Compo
Page 31 and 32:
ecently been hired in the purchasin
Page 33 and 34:
Organizations can identify and asse
Page 35 and 36:
The Risk Assessment TeamA good risk
Page 37 and 38:
This also involves understanding th
Page 39 and 40:
- Invoices for goods not received o
Page 41 and 42:
Other RisksRegulatory and Legal Mis
Page 43 and 44:
SECTION 3: FRAUD PREVENTIONPrincipl
Page 45 and 46:
An organization’s HR group is oft
Page 47 and 48:
SECTION 4: FRAUD DETECTIONPrinciple
Page 49 and 50:
Process ControlsProcess controls sp
Page 51 and 52: keep such information confidential.
Page 53 and 54: will vary depending on the nature,
Page 55 and 56: Conducting the InvestigationPlannin
Page 57 and 58: • Extended investigation — Cond
Page 59 and 60: Fraud ControlsDeloitte Forensic Cen
Page 61 and 62: APPENDIX B: SAMPLE FRAMEWORK FOR A
Page 63 and 64: APPENDIX C: SAMPLE FRAUD POLICY 41N
Page 65 and 66: CONFIDENTIALITYThe ______________ U
Page 67 and 68: Sample Fraud Policy Decision Matrix
Page 69 and 70: Identified Fraud Risksand Schemes (
Page 71 and 72: 2) Misappropriation of:a) Tangible
Page 73 and 74: ) Embezzlement(1) False accounting
Page 75 and 76: Fraud Prevention Area, Factor, or C
Page 83 and 84: O-Organization / PersonnelO1-Leader
Page 85 and 86: O4.3 Enhance Operational Skills & C
Page 87 and 88: PR-Prevent, Protect & PreparePR1-Ge
Page 89 and 90: E-Periodic EvaluationE1-Evaluation
Page 91 and 92: I2-CommunicationI2.1 Develop Commun
Page 93 and 94: CriminologyFraud Prevention Program
Page 101: CriminologyFraud Prevention Program
Page 117 and 118: Sample Fraud PolicyAssociation of C
Page 119 and 120: Sample Fraud PolicyCONFIDENTIALITYT
Page 121 and 122: Sample Fraud PolicyFraud Policy Dec
Page 123 and 124: Fraud’s Worst Enemyhttp://www.fra
Page 125 and 126: ACFE Insights - ACFE Insightshttp:/
Page 127: ACFE Insights - ACFE Insightshttp:/
show all

acfe fraud prevention check-up - BKD

Create successful ePaper yourself

Delete template?

Save as template?