Fraud Risk Management

Fraud Risk Management

“The only way to manage fraud risk effectively is by identifying value within an organization and protecting that value using a methodology or an approach specific to that organization.  There is no way to definitively predict who among an organization’s stakeholders is likely to try to commit fraud, and there is no generic or one-size-fits-all method to prevent its occurrence.  Organizations are unique in terms of structure and staffing, individuals are unique and there is no uniform system designed to capture each fraud before it is committed.  Each organization’s situation needs to be examined on its own merits, and a solution devised to meet its needs based on its unique characteristics and the characters involved. ”

 

Excerpt from Joe’s Upcoming book Detecting Fraud in Organizations from Wiley