Fraud Risk Governance
Setting expectations and policies specific to your organization is the first step in proper fraud deterrence. We suggest a fraud risk policy be written and shared with your entire organization to convey the expectations of the board of directors and executive management regarding managing fraud risks.
AMD can assist you in drafting a comprehensive version of a fraud risk policy tailored to your organization. We will help you cover all critical areas, including:
- Management commitment to fraud prevention, detection and deterrence
- Definition of roles and responsibilities with respect to fraud at all levels
- Ongoing fraud risk assessment process
- Reporting and investigation processes and procedures
- Discipline and remediation
- Periodic fraud risk evaluation
For more information on a written Fraud Risk Policy, contact Richard D. Krieger, CPA/CFE, at 314.655.5540 or rkrieger@amdcpa.com.
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