Monday, October 25, 2010

The Responsibility of Management in the Prevention of Fraud

• Set moral environment in which the organization function.

• Make available resources for the organization to accomplish its plans and follows its policies.

• Establish and maintain internal controls.

• Determine appropriate cost versus control ratio (exposure – safeguard =risks).

• Keep everyone up to date within the organization as to the current and daily status of the organization.

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