acfe fraud prevention check-up - BKD

More documents

Recommendations

Info

GeneralACFE, 2007 Fraud Examiners Manual, 2007.ALARM (The National Forum for Risk Management in the Public Sector (UK)), Managing the Risk of Fraud.Ted Avey, Ted Baskerville, and Alan Brill, The CPA’s Handbook of Fraud and Commercial Crime Prevention,AICPA, 2000.CICA, The Accountant’s Handbook of Fraud and Commercial Crime, www.cica.ca.Committee of Sponsoring Organizations of the Treadway Commission (COSO), Report of the National Commission onFraudulent Financial Reporting (Treadway Report), 1987, www.coso.org.HM Treasury, Assurance, Control, and Risk, Managing the Risk of Fraud: A Guide for Managers, 2003,www.hm-treasury.gov.uk.International Federation of Accountants, Defining and Developing an Effective Code of Conduct for Organizations,June 2007, www.ifac.org.IT Policy Compliance Group, Why Compliance Pays: Reputations and Revenues at Risk, Benchmark Research Report,2007, www.itpolicycompliance.com.Sarbanes-Oxley Act of 2002, 107th U.S. Cong., 2nd session (January 2002), H.R. 3763, www.sarbanes-oxley.com.The Chartered Institute of Management Accountants, Fraud Risk Management–A Guide to Good Practice,2001, www.cimaglobal.com.The Chartered Institute of Public Finance and Accountancy (UK), Managing the Risk of Fraud – Actions to CounterFraud and Corruption (updated 2008).UK Financial Services Authority, Firms’ High-Level Management of Fraud Risk, 2006, www.fsa.gov.uk.Joseph T. Wells, Corporate Fraud Handbook, 2nd edition, Wiley, 2007.47
APPENDIX B: SAMPLE FRAMEWORK FOR A FRAUD CONTROL POLICY(Or Plan) 40NOTE: This appendix is a sample from another entity. As such, no adjustment has been made to this material. Theinformation may or may not agree with all the concepts noted within this paper. The material is being provided as anexample that may be a used as a tool, reference, or starting point.1. EXECUTIVE SUMMARYDefinition of fraudStatement of attitude to fraudCode of conduct (relationship to)Relationship with entity’s other plansRoles and accountabilities2. SUMMARY OF FRAUD CONTROL STRATEGIESAppointment of fraud control officerExternal assistance to the fraud control officerFraud control responsibilitiesFraud risk management (including fraud risk assessment)Fraud awarenessFraud detectionFraud reportingInvestigation of fraud and other improper conductInternal control review following discovery of fraudFidelity guarantee and criminal conduct insuranceInternal audit program3. FRAUD RISK MANAGEMENTRegular program for fraud risk assessmentOngoing review of fraud control strategiesFraud risk assessmentImplementation of proposed actions4. PROCEDURES FOR REPORTING FRAUDInternal reportingReports by members of staffProtection of employees reporting suspected fraudExternal anonymous reporting40This sample is provided by The Australian Standard on Fraud and Corruption Control, AS 8001-2003. Please note that other definitions offraud exist, and thus it is important for the organization to explain clearly what types of transactions or activities are covered by the policy.48
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:
ACFE FRAUD PREVENTIONCHECK-UPACFE F
Page 9 and 10: ACFE FRAUD PREVENTIONCHECK-UPACFE F
Page 11 and 12: ACFE FRAUD PREVENTIONCHECK-UPACFE F
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: Fraud ControlsDeloitte Forensic Cen
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 111 and 112:
CriminologyFraud Prevention Program
Page 113 and 114:
Page 115 and 116:
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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?