acfe fraud prevention check-up - BKD

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Reports to the policeReports to external partiesAdministrative remediesRecovery of the proceeds of fraudulent conductReporting requirements5. EMPLOYMENT CONDITIONSPre-employment screeningAnnual leave6. CONFLICT OF INTERESTThe impact of conflicts of interestRegister of interestsConflict of interest policy7. PROCEDURES FOR FRAUD INVESTIGATIONInternal investigationsExternal investigative resourcesDocumentation of the results of the investigation8. INTERNAL AUDIT STRATEGYInternal audit capabilityInternal audit fraud control function9. REVIEW OF FRAUD CONTROL ARRANGEMENTS49
APPENDIX C: SAMPLE FRAUD POLICY 41NOTE: 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.BACKGROUNDThe corporate fraud policy is established to facilitate the development of controls that willaid in the detection and prevention of fraud against ABC Corporation. It is the intent ofABC Corporation to promote consistent organizational behavior by providing guidelinesand assigning responsibility for the development of controls and conduct of investigations.SCOPE OF POLICYThis policy applies to any irregularity, or suspected irregularity, involving employees as wellas shareholders, consultants, vendors, contractors, outside agencies doing business withemployees of such agencies, and/or any other parties with a business relationship withABC Corporation (also called the Company).Any investigative activity required will be conducted without regard to the suspectedwrongdoer’s length of service, position/title, or relationship to the Company.POLICYManagement is responsible for the detection and prevention of fraud, misappropriations,and other irregularities. Fraud is defined as the intentional, false representation orconcealment of a material fact for the purpose of inducing another to act upon it to hisor her injury. Each member of the management team will be familiar with the types ofimproprieties that might occur within his or her area of responsibility and be alert for anyindication of irregularity.Any irregularity that is detected or suspected must be reported immediately to the Directorof _____________, who coordinates all investigations with the Legal Department andother affected areas, both internal and external.41This sample is provided by the Association of Certified Fraud Examiners’ Sample Fraud Policy. Please note that other definitions of fraudexist, and thus it is important for the organization to explain clearly what types of transactions or activities are covered by the policy.50
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ACFE FRAUD PREVENTIONCHECK-UP
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ACFE FRAUD PREVENTIONCHECK-UPThe Be
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ACFE FRAUD PREVENTIONCHECK-UPACFE F
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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 and 60: Fraud ControlsDeloitte Forensic Cen
Page 61: APPENDIX B: SAMPLE FRAMEWORK FOR A
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
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CriminologyFraud Prevention Program
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CriminologyFraud Prevention Program
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Sample Fraud PolicyAssociation of C
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Sample Fraud PolicyCONFIDENTIALITYT
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Sample Fraud PolicyFraud Policy Dec
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Fraud’s Worst Enemyhttp://www.fra
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ACFE Insights - ACFE Insightshttp:/
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ACFE Insights - ACFE Insightshttp:/
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