Development of an Anti-Fraud Program
This Portfolio Project option has two parts: A written report and a slide presentation.
A typical organization loses a certain percentage of annual revenue to fraud. The potential for fraud occurs in all organizations, regardless of the industry in which it operates, financial structure, or size. Every organization is vulnerable to fraud. The risk of fraud should be reduced as much as possible to improve the longevity of the organization. Hence, preventing, deterring, and detecting fraud are crucial to the success of organizations. Deterring and preventing fraud can be more economical than detecting, investigating, and recovering from fraud after the fact. These anti-fraud measures must start at the top and must be communicated throughout the organization. They must go beyond internal controls yet consider the cost-benefit.
Develop an anti-fraud program, or model, that can be implemented in any organization. In other words, don't apply the model to a specific organization. The model, if applied correctly, must be efficient in preventing, detecting, and deterring fraud. At minimum, your model must address the following factors:
- Fraud risk assessment
- Employees’ Code of Conduct
- Policies to prevent, deter, and detect fraud
- Data-driven tools to prevent, deter, and detect fraud
- Cost-benefit analysis
Part 1: Requirements for the paper
- Introduction and conclusion
- Use professional business language.
- 8 pages in length (double-spaced), not including the cover and reference pages. Supporting documents (i.e. charts, graphics, etc.) should be included as addendums to your report and not in the body of the report.
- Include a minimum of six credible, academic or professional references not older than 5 years
In addition to your written report, prepare a slideshow to present your Anti-Fraud Program to management.
Part 2: Requirements for the presentation
- 6–8 slides, not including the cover and reference slides.
- Use professional business language.
- Include slides that are professional in appearance and not too wordy.
- You must provide detailed notes in the "Notes" area to support the information presented on your slides).
- Citations and references should be included not older than 5 years