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Corporate Resiliency: Managing the Growing Risk of Fraud and Corruption


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The 21st century global economy brings cheaper sources of supply and huge new markets, but also exposes companies to much greater risks and consequences of fraud and corruption. As a result of greater enforcement around the world, global media attention and changing attitudes of consumers, fraud and corruption can now cost companies billions and destroy or severely damage their reputation.

A Chapter 1 excerpt "Can We Eliminate Fraud and Corruption?" is available to download above.

Profiles:  About the Authors 

  • Toby Bishop, director of the Deloitte Forensic Center for  Deloitte Financial Advisory Services LLP 
  • Frank Hydoski, director for the   Analytic and Forensic Technology practice of  Deloitte Financial Advisory Services LLP

Thought leaders Toby Bishop and Frank Hydoski argue that this scenario can make many companies more vulnerable to serious loss. They make a business case for boards and senior executives to adopt a fraud and corruption risk management strategy that can reduce vulnerability while increasing the ability to bounce back if fraud or corruption occurs.

"Corporate Resiliency: Managing the Growing Risk of Fraud and Corruption" is written for members of boards of directors and audit committees, senior executives, those who advise or report to them and those responsible for managing fraud and corruption risks. It describes, in plain English terms, a proactive fraud and corruption risk management process that can enhance corporate resiliency. 

The authors provide practical insights and highlight traps to avoid. Quotes from their interviews of business executives provide international perspectives regarding changes in fraud and corruption risks and techniques companies are adopting to deal with them.

This solutions-centered book includes: 

  • Reducing risk management surprises through better fraud and corruption risk assessment approaches
  • Using four different risk management strategies for the “Fears, Fires, Fleas and Flaws” segments of your fraud and corruption risks  
  • Preventive and detective controls including continuous controls monitoring and transaction monitoring
  • Preparing in advance for potential fraud and corruption investigations and remediation
  • The roles of different parties in fraud and corruption risk management (including yours)
  • A corporate resiliency self-assessment tool you can use to assess your company

In the 21st century global economy, companies need to be more than smart and fast. They also need to be resilient. "Corporate Resiliency" shows you steps your company can take toward resiliency by identifying your fraud and corruption risks and deploying strategies for managing those risks proactively.

Praise for "Corporate Resiliency: Managing the Growing Risk of Fraud and Corruption"

“Fraud and corruption have been with us forever, but happily there is growing realization that these crimes undermine trust in government, companies and markets alike. Toby Bishop and Frank Hydoski do not just recognize the problem, but clearly set out ways and means for dealing with it.”
Paul A. Volcker, former Federal Reserve Chairman and Chairman of the President’s Economic Recovery Advisory Board

“Corporate Resiliency offers managers and directors a holistic approach to the management of fraud and corruption risk that speaks to the same measures of productivity and profitability used in more conventional business processes. It walks the reader through the relationships among the board of directors, the audit committee, senior management and staff in the process of fraud risk management, with a clear eye toward the intent and direction of fast-changing legislation and regulatory guidance.”
From the foreword by Mark G. Califano, Esq., Head of Litigation, GE Capital Finance

“At a time of rising public demand for good corporate conduct, Corporate Resiliency is a welcome resource for those seeking to manage fraud and corruption risks. Toby Bishop and Frank Hydoski provide a highly operational roadmap for assessing risk and preventing, detecting and responding to fraud and corruption when it does occur.”
Nancy Zucker Boswell, President and CEO, Transparency International USA

“If you need a view of fraud and corruption from the top, this is your book. Bishop and Hydoski do an excellent job of explaining to executives why fraud and corruption are such serious issues for organizations, how we got where we are and how to prevent and detect the devastating fallout from these crimes. A terrific read.”
Joseph T. Wells, CFE, CPA, Founder and Chairman, Association of Certified Fraud Examiners

Get the Book

This book is available from:

Amazon.com
Barnes & Noble (Barnesandnoble.com)
ebooks.com 
Association of Certified Fraud Examiners
Risk and Insurance Management Society
Society of Corporate Compliance and Ethics
The Institute of Internal Auditors

As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

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