In this special five-part podcast series, I interview John Gill, the Vice President for Education at the Association of Certified Fraud Examiners (ACFE). In this series, John discusses five well-known fraudsters; including what caused them to engage in fraud, the fraud scheme they employed and how they were caught. More significantly we tie this what compliance professionals need to have in place to detect and prevent corruption.  In this Episode 3, we discuss Andrea Baxendale and explore what is fraud risk. Some of the highlights include:

  1. How does the Fair Process Doctrine help in fraud detection and prevention?
  2. Why is segregation of duties is a key anti-fraud and anti-corruption control?
  3. Institutional fairness is a critical question for the fraud examiner to consider.
  4. Equal pay for equal work isn’t just a good idea, it’s the law.
  5. Trust by verify applies to even the most loyal employee.

For listeners of this podcast, the ACFE is offering a free Fraud Risk Assessment Tool. Check out this great offering by clicking here.

For more information on the ACFE, click here.

JANUARY 16, 2019 BY TOM FOX

In today’s edition of Daily Compliance News:

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly (the coolest guy in compliance) and I take a deep dive into management review controls.

Some of the highlights include:

  • What are management review controls?
  • Will the PCAOB up its game in this area?
  • When will the SEC provide updated guidance on the issue?
  • Will it be up to COSO to formulate an appropriate new standard?
  • How does all of this apply to the compliance professional?

For additional reading see Matt’s blog posts Deloitte Inspection Report Released andTalking Compliance Analytics at AB-InBev in Radical Compliance.

In this special five-part podcast series, I interview John Gill, the Vice President for Education at the Association of Certified Fraud Examiners (ACFE). In this series, John discusses five well-known fraudsters; including what caused them to engage in fraud, the fraud scheme they employed and how they were caught. More significantly we tie this what compliance professionals need to have in place to detect and prevent corruption.  In this Episode 2, we discuss Mark Whitacre and how senior management sets the tone on fraud for the entire organization. Some of the highlights include:

  1. How do employees take their cues from management about ethics and compliance?
  2. If an employee knows where the corporate skeletons are buried, what will happen?
  3. How fraud incidents are handled in an organization communicates tone and corporate culture.
  4. What led to Whitacre turning informant for the government?
  5. People who cooperate may not always be as pure as the driven snow.

For listeners of this podcast, the ACFE is offering a free Fraud Risk Assessment Tool. Check out this great offering by clicking here.

For more information on the ACFE, click here.