Submit a one-page outline of your paper, including preliminary references, that demonstrates your initial research of components of a real-world anti-fraud program/model.
Project Description
Development of an Anti-Fraud Program
This Portfolio Project option has two parts: a written report and a PowerPoint presentation.
A typical organization loses a certain percentage of annual revenue to fraud. The potential for fraud occurs in all organizations, regardless of the industry in which it operates, financial structure, or size. Every organization is vulnerable to fraud. The risk of fraud should be reduced as much as possible to improve the longevity of the organization. Hence, preventing, deterring, and detecting fraud are crucial to the success of organizations. Deterring and preventing fraud can be more economical than detecting, investigating, and recovering from fraud after the fact. These anti-fraud measures must start at the top and must be communicated throughout the organization. They must go beyond internal controls yet consider the cost-benefit.
Develop an anti-fraud program, or model, that can be implemented in any organization. In other words, don’t apply the model to a specific organization. The model, if applied correctly, must be efficient in preventing, detecting and deterring fraud. At minimum, your model must address the following factors:
- Fraud risk assessment
- Employees’ Code of Conduct
- Policies and procedures to prevent, deter, and detect fraud
- Technical tools to prevent, deter, and detect fraud (i.e. SQL, ODBC, Digital Analysis, etc.)
- Cost-benefit analysis
Resources to consider:
- AICPA. (n.d.). Managing the business risk of fraud: A practical guide. Retrieved from https://competency.aicpa.org/media_resources/209048-managing-the-business-risk-of-fraud-a-practical-gu/detail
- Protiviti. (n.d.) Evaluating your anti-fraud program. Retrieved from https://www.protiviti.com/US-en/insights/suggestions-evaluating-your-anti-fraud-program
The Portfolio Project preliminary deliverables are as follows:
- Week 4: Submit a one-page outline of your paper, including references that demonstrates your initial research of components of a real-world anti-fraud program/model for approval by your instructor.
- Week 6: Submit the proposed final references section for your project.
Part 1: Requirements for the paper:
- Demonstrate your comprehension of the course material.
- Use professional business language.
- 10-12 pages in length (double-spaced), not including the cover and reference pages. Supporting documents (i.e. charts, graphics, etc.) should be included as addendums to your report and not in the body of the report.
- Formatted according to the APA format.
- Include a minimum of six credible, academic or professional references
- prepare a PowerPoint to present your Anti-Fraud Program to management.
Part 2: Requirements for the presentation:
- 6-8 slides, not including the cover and reference slides.
- Demonstrate your comprehension of the course material.
- Use professional business language.
- Include slides that are professional in appearance and not too wordy.
Chapter 18 in Fraud Examination
Heitger, L., & Greer, O. L. (2018). Forensic accountants to the rescue. Strategic Finance, 99(9), 48-53.
Ademola, L. S., Ch-Ahmad, A. B., & Popoola, O. J. M. (2017). The forensic accountants’ skills and ethics on fraud prevention in the Nigerian public sector. Academic Journal of Economic Studies, 3(4), 77-85.
Kreuter, E. (2017). Forensic accounting: A value-adding skill for the CPA. The CPA Journal, 87(11), 6-8.
Albrecht, W. S., Albrecht, C. O., Albrecht, C. C., & Zimbelman, M. F. (2019). Fraud examination (6th ed.). Boston, MA: Cengage Learning.
Association of Certified Fraud Examiners (ACFE). (2018). 2018 Report to the nations on occupational fraud and abuse. Retrieved from https://www.acfe.com/rttn2016/about/executive-summary.aspx