Being Ready for the Worst
Fraud magazine: Preparing for fraud and corruption investigations
According to the article, “Being ready for the worst: Preparing for fraud and corruption investigations and remediation,” published in Fraud Magazine, resilient corporations generally take a three-pronged strategy to deal with the problem of fraud by:
- Conducting thorough fraud risk assessments and periodically revisiting them.
- Putting fraud prevention and detection strategies in place.
- Developing response strategies to deal with the frauds they aren’t able to prevent.
The article is an adaptation of Chapter Nine from the Deloitte Forensic Center’s book, Corporate Resiliency: Managing the Growing Risk of Fraud and Corruption and features insights on both fraud prevention as well as what steps can be taken if the regulators come knocking.
Read the complete article, "Being ready for the worst," by authors Toby Bishop, director of the Deloitte Forensic Center and Frank Hydoski, director in the Analytics practice, both at Deloitte Financial Advisory Services LLP.