Fraud Prevention

Management is aware of the increased requirements for a public company to maintain a system of internal control to help prevent and detect fraud. The CEO, , is also interested in using a proactive posture toward building an antifraud prevention program, including exploring using a proactive auditing approach to fraud discovery. The internal auditor and the external fraud investigator as well as accounting and consulting firms have discussed proactive approaches for detecting fraud.

Before you can really figure out what the benefits of a comprehensive control program is. You have to know what a comprehensive control program is. A comprehensive control program is fraud education: teaching employees about the risk of fraud, Fraud Investigation: investigation instances of...