Building Your Fraud Smart Toolkit

We have now completed the final part of the Fraud Smart cycle, which is about managing the risk of fraud in a dynamic manner. As you know, this book is based around the Fraud Smart cycle, which covers five key aspects of helping non-specialists get to grips with fraud at work. This is set out in Figure 20.1.

Figure 20.1 The Fraud Smart cycle.


This chapter sits within the fifth part of the Fraud Smart cycle, Mastering Suitable Controls, and covers the task of helping you improve your personal Fraud Smart toolkit.


Let’s return to the learning objectives that were set for this part of the book:


This chapter gives you the chance to reflect on the key conclusions that have been developed in the chapters in this part of the book and how they can become part of your personal development strategy.

Key ConclusionsPersonal Fraud Smart Toolkit
17.1 The board should ensure that fraud control is a key part of the overall control framework and that it fits with the main components, which in our case use the well-known COSO format.Have a look at your organization’s version of its control framework. This should be on the intranet and in published ...

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