Busting Employee Fraud (Fraud Control)

In this lesson we learn about fraud preventioni and detection approaches. It talks about the various anti-fraud controls. Fraud prevention and detection is a management responsibility. Management and the board of directors are responsible for setting an ethical tone at the top, which establishes the acceptable ethical behaviors of the organization. The organization also sets a fraud policy which makes it explicitly clear what is expected of the employee and the repercussions of any fraudulent activity.