Tech Primer

Fraud prevention: Improving internal controls

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Internal fraud controls aren't fire-and-forget. Smart collaboration and ongoing improvement will help keep fraud in check. Here are the basics.

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There are several keys to effective fraud prevention, but some of the most important tools in the corporate toolbox are strong internal controls. Equally important, though, are the company's attitude towards fraud, internal controls and an ethical organizational culture. While ethical culture is driven by senior management's control environment ("tone at the top"), buy in from the company's Board of Directors and Audit Committee are also essential in promoting an ethical and transparent environment.

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