New Guidelines Aim to Reduce Fraud (PDF; 66 KB)
Source: American Institute of Certified Public Accountants

New guidelines for fighting fraud have been released jointly by three leading professional organizations.

“Managing the Business Risk of Fraud: A Practical Guide” is sponsored by the Association of Certified Fraud Examiners (ACFE), the American Institute of Certified Public Accountants (AICPA), and The Institute of Internal Auditors (IIA). Principles for establishing effective fraud risk management, regardless of the type or size of an organization, are outlined in the guide.
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The new guidance provides a practical approach for companies committed to preserving stakeholder value. It can be used to assess or improve an organization’s fraud risk management program, or to develop an effective program where none exists.

Five key principles within the guidance address governance, risk assessment, fraud prevention and detection, investigation, and corrective action. Following the guidance will help ensure that there is suitable oversight of fraud risk management, that fraud exposures are identified and evaluated, that appropriate processes and procedures are in place to manage those exposures, and that fraud allegations are addressed in a timely manner.

+ Full Document (PDF; 1.2 MB)

This entry was posted on Monday, July 14th, 2008 at 7:37 pm and is filed under Business and economics, Crime. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.