Today we are sharing two quick, efficient resources to begin evaluating your organization's anti-fraud preparedness. Click on the images to be directed to downloadable versions provided by the ACFE for International Fraud Awareness Week.
1) The first is a Fraud Prevention Checklist. Briefly answer these questions to gauge your organization's current ability to prevent internal fraud.
The questions on this list should elicit and clear "yes or no" response from you
immediately. If "I'm not sure" is your answer, the answer is really "no".
For example, you'll see the second question asks, "Is an effective fraud reporting
mechanism in place?" If your response is not a resounding, confident YES, then the
answer is NO. If your organization does have a reporting mechanism, but not all
employees and officers can immediately identify it, your organization does not have an
EFFECTIVE reporting mechanism in place. According to the ACFE 2020 Report to the
Nations, 43% of occupational fraud cases were reported by tips. Establishing or
reinforcing the presence of a fraud reporting mechanism can greatly strengthen your
2) The second resource communicates 5 Fraud Tips any organization can benefit from.
You can't create an entire Anti-Fraud Program or establish every internal control your
organization needs in one afternoon. But you can immediately participate in awareness
and education by deciding where to start. Observe these 5 beginning steps and decide
how to begin a healthy anti-fraud environment for your organization today.