Homework: Fraud Prevention and Detection Policy
Overview
Having assisted the SEC and other companies as a CFA, now envision yourself in the role of a senior internal auditor. You have been charged by the board of directors with assessing risk exposure for Innovative Hockey Gear, LLC, a hockey equipment distributor.
Using the Internet or Strayer databases, research risks associated with fraud, effective techniques that could be used to prevent or detect fraud, and the roles and responsibilities within the organization for preventing and detecting fraud.
Task
Write 3 to 4 pages paper in which you:
o Determine the types of exposure to fraud that the company could be exposed to and the related consequences to the organization. Provide a rationale for your response.
o Evaluate tools and techniques that are the most effective in preventing and detecting fraud, making a recommendation for the tool that has the highest cost-benefit factor. Provide a rationale for your recommendation.
o Evaluate the roles and responsibilities in the company to prevent and detect fraud, indicating how a culture of integrity can be created within these roles.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
o Create a recommendation for a fraud prevention tool based on an analysis of potential exposure and organizational accountability.