Write a brief response, no less than 45 words, for each question.
Submit your assignment on the Assignments tab.
- What does it mean to create a “Culture of Honesty, Openness, and Assistance?” Give an example from an organization with which you have been affiliated.
- Codes of Conduct and Conflict of Interest Forms are often called “soft” controls. What does this mean?
- What does it mean to have a good system of internal controls? Give some examples of internal controls.
- Whistleblower policies and procedures? Good or bad idea? Why?
- Symptoms of fraud can be separated into six groups: (1) accounting anomalies, (2) internal control weaknesses, (3) analytical anomalies, (4) extravagant lifestyle,
- (5) unusual behavior, and (6) tips and complaints. Discuss three.
- Discuss the elements of a good fraud report.
- What does “Tone at the Top” mean?
- Discuss the relative oversight responsibility of the audit committee, management, internal audit and independent auditors as it pertains to fraud.
- Summarize the five steps of managing the Business Risk of Fraud.
- Define and explain ERM.
- What is a risk assessment? What are the steps to complete one?
- Give some examples of how technology may be used in fraud prevention.
- Explain FCPA and the U.K. Bribery Act. Why all the fuss?
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