Preventing Fraud in the Workplace by Creating an Ethical Environment
- UNCP Author/Contributor (non-UNCP co-authors, if there are any, appear on document)
- Daniel Leonard (Creator)
- Institution
- The University of North Carolina at Pembroke (UNCP )
- Web Site: http://www.uncp.edu/academics/library
- Advisor
- Jane Baird
Abstract: Fraud in the world today is much more prevalent than most people believe. Fraudulent activity costs billions of dollars in the U.S. alone each year, and has other damaging impacts to the companies involved. Thankfully, the risks of fraud can be significantly reduced with the use of a qualify system of internal controls. These are systems and policies that companies put into place that limit the opportunity of a fraudster to commit a fraudulent act. There are many methods to creating an internal control system, but the most effective way is through the use of creating an ethical environment in the workplace. If done properly, this ethical environment, in tandem with standard polices of internal controls, essentially dismantles the reason that fraudulent acts occurs, thus lowering the risk of fraud to a much more acceptable level. If the extremely high quantitative and qualitative costs of fraud are to be kept to a minimum, companies need to begin to create a work environment in which their employees can thrive and get the most out of their jobs.
Preventing Fraud in the Workplace by Creating an Ethical Environment
PDF (Portable Document Format)