Anti-Fraud Programs

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programs also set the tone that fraud is not tolerated and that those who commit fraud will be exposed, and that employees are encouraged to report rather than participate in any fraudulent activities.

Most of all, anti-fraud programs act as the biggest deterrent to fraud, as they tell those you might considered taking advantage of a loop hole that it is better to make ethical choices rather than unethical choices. Anti-fraud programs give praise to those who identify weaknesses in the controls rather than profit from those weaknesses.

Anti-fraud programs reduce the risk of fraud by identifying and changing certain activities and processes. Anti-fraud programs implement and monitor controls and helps audit committees identify managers who override controls. Anti-fraud programs help reduce the overall risk of fraud and provide investors with an assurance that they are making an investment in a company that is at a low risk for fraudulent ...

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