https://www.protiviti.com/US-en/insights/suggestions-evaluating-your-anti-fraud-program
Development of an Anti-Fraud Program
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: