
FRAUD PREVENTION AND DETECTION
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you can create a climate for long- term success, a climate in which every-
one gets it right.
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How to set the right tone at the top? Fraud experts have recommended
the following kinds of initiatives:
• Create a culture of doing the right thing.
• Set an ethical tone at the top: Upper management has to lead by
example and actions. These actions should include rewarding ethical
behavior while punishing unethical actions. There should be sanc-
tions for engaging in, tolerating, or condoning improper conduct.
• Establish a code of ethics: Organizations should produce a clear
statement of management philosophy. It should ...