Managing Fraud Risk: Being Prepared
With the global economy in a downturn and anti-fraud specialists anticipating an uptick in fraud, leading organizations are being proactive in anticipating fraud risks and preparing for them. But the task of developing and maintaining a robust enterprise-wide anti-fraud and anti-corruption program with proactive strategies can be daunting for any organization.
Some of these anxieties can be mollified by a careful reading of "Managing the Business Risk of Fraud: A Practical Guide," published by The Institute of Internal Auditors, the American Institute of Certified Public Accountants and the Association of Certified Fraud Examiners. This guidance shares leading practices and recommended steps to improve fraud risk management processes.
To help tackle these issues, we are pleased to present a series of roundtable discussions on the Guidance and the importance of managing business risks. Moderated by Winter Wright, senior editor, Economist Intelligence Unit, the discussions feature:
- Toby Bishop, director, Deloitte Forensic Center
- Donna Epps, partner and national leader of Anti-Fraud Consulting, Deloitte Financial Advisory Services LLP
- Eric Hespenheide, global leader of Internal Audit Services, Deloitte & Touche LLP
- David Richards, former president, Institute of Internal Auditors
- Overview: Managing the business risk of fraud
- Fraud risk governance
- Fraud risk assessment
- Fraud prevention and detection
- Fraud investigation and corrective action
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