THIS WORKBOOK IS THE COMPANION, self-study guide to Corporate Fraud and Internal Control: A Framework for Prevention.
A wide variety of crimes and swindles fall within the broad definition of fraud. From fraud against the individual to corporate fraud and from management theft to identity theft and Net-based fraud, opportunities abound to part individuals and organizations from their respective assets.
In the past, many organizations, companies, and government bodies operated in a purely reactive mode to the problem of fraud. That is, only after a fraud had taken place were decisions made regarding how it should have been combated. With the increasing impact of corporate governance legislation and societal changes in recent years, the need to fight fraud in a proactive manner has become paramount.
Companies now must accept that there is a corporate responsibility to protect both assets and employees from the temptations and impacts of fraud.
At the individual level, fraud impacts each citizen either directly through being defrauded or indirectly through the impact of higher taxation or shopping bills as a result of fraud. Individual fraud also is creating an atmosphere in which individuals who feel cheated and defrauded believe they have the right to retaliate by cheating and defrauding others.
The police services are under increasing pressure to combat crime in all of its forms, particularly those of a violent nature. As a result, white-collar crime, corruption, and ...