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      6: Submit the proposed final references section for your project      (description below).

Part 1: Requirements for the paper:

• Demonstrate your comprehension of the course material.
• Use      professional business language.
• 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 7-8 credible, academic or professional references
• In addition to your written report,      prepare a PowerPoint to present your Anti-Fraud Program to management.

Part 2: Requirements for the presentation:

• 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.
• Include      voiceover that is clear and have minimal background noise (If you do not      use the Voiceover feature, you must provide detailed notes in the “Notes”      area to support the information presented on your slides).
• Citations      and references should be formatted according to the APA format.

Requirements for the final deliverables:

• Submit      2 files:
  • PowerPoint       presentation
  • Word       document

Week 6: At this point you should have established the list of references that will be used to support the content of your paper. Submit the proposed references section of your paper to your instructor. Be sure that you have included a minimum of six references based on the source documents you will use when you prepare your final Portfolio Project due in Module 8. Also, include a list of financial and technical tools to be used in the model.

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.

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

Heitger, L., & Greer, O. L. (2018). Forensic accountants to the rescue. Strategic Finance, 99(9), 48-53.

Jaggi, J. (2020). When Does the Internal Audit Function Enhance Audit Committee Effectiveness?

Kreuter, E. (2017). Forensic accounting: A value-adding skill for the CPA. The CPA Journal, 87(11), 6-