The purpose of this module is to develop a proactive approach to protecting a global corporation from instances of fraud by creating a process to limit opportunities for fraudulent acts. The following

The purpose of this module is to develop a proactive approach to protecting a global corporation from instances of fraud by creating a process to limit opportunities for fraudulent acts. The following questions should be used as a basis for developing your initial post this week:

What key elements would you include as part of a fraud risk assessment?
Why are these elements critical to success?
Which members of the organization should be involved in the development of the assessment?
How would you handle ownership of the assessment?
How would your approach vary according to country, culture, or region?

Chapters 3 & 4 and Appendix 3-A: “Red Hat Code of Business Conduct and Ethics” in Fraud Examination

Hyatt, J. (2017). Defending the weak spots: Businesses must find ways to bolster payments security in order to keep pace with resilient scammers. CFO, 33(5), 46-47.

Vollmer, S. (2018). The board's role in promoting an ethical culture. Journal of Accountancy, 226(1), 24-27.

Hegde, S., & Zhou, T. (2018). Predicting accounting misconduct: The role of firm-level investor optimism. Journal of Business Ethics, 1-28.

Nurhidayat, I., & Kusumasari, B. (2018). Strengthening the effectiveness of whistleblowing system. Journal of Financial Crime, 25(1), 140-154.

Wu, X., & Wang, J. (2018). Management's materiality criteria of internal control weaknesses and corporate fraud: Evidence from China. International Journal of Accounting, 53(1), 1-19.

Albrecht, W. S., Albrecht, C. O, Albrecht, C. C., & Zimbelman, M. F. (2019). Fraud examination (6th ed.). Boston, MA: Cengage Learning.

PricewaterhouseCoopers. (2017). Cybercrime: Global economic crime survey 2016: PWC. Retrieved from

https://www.pwc.com/gx/en/services/advisory/forensics/economic-crime-survey/cybercrime.html

Richards, D. A., Melancon, B. C., & Ratley, J. D. (n.d.). Managing the business risk of fraud: A practical guide. Retrieved from https://www.aicpa.org/forthepublic/auditcommitteeeffectiveness/auditcommitteebrief/downloadabledocuments/managing_the_business_risk_of_fraud.pdf