Executive Roadmap to Fraud Prevention and Internal Control

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This practical guide offers authoritative insights for creating an effective fraud prevention and compliance program in any organization. Now in its Second Edition, it assists corporate executives and managers in grasping the significance of corporate governance and compliance. The book outlines best practices for establishing a unit dedicated to safeguarding a business's financial integrity, explores theories on the causes of fraud, and emphasizes the necessity of robust internal controls. It also reviews major compliance and corporate governance milestones since 1985. Key topics include implementation guidance for a comprehensive fraud prevention program, sample policies, a 14-point management antifraud program, and fraud risk assessment strategies. The book addresses global risk issues such as the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act, as well as amendments to the Federal Sentencing Guidelines for Organizational Crime and Dodd-Frank Whistleblower Provisions. It delves into enterprise risk management, the impact of fraud on the financial crisis, and enhanced principles for fraud data mining. With new cases, checklists, real-world examples, and expanded international coverage, this resource clarifies executives' responsibilities in fraud prevention, internal controls, and compliance. An instructor's website with a test bank is also included, making this an essential tool for understanding the complexit