Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Corporate Frauds

No description
by

IUt Rodez

on 5 April 2016

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Corporate Frauds

Corporate Frauds
Why have a fraud policy statement ?
What ?
Why ?
To avoid fraud
Who?
Michelin case : Identity Fraud
Fifa Corruption
Use of false documents
Conclusion :
Introduction :
Employee fraud
is an important problem

Association of Certified Fraud Examiners (
AFCE
)

Typical organization
loses 7% of its annual revenue
each year due to employee fraud

Average cost of discovered fraud for companies with less than 100 employees is
$200,000

Evolution of the number of frauds
Procedures to prevent frauds :
=> What are the procedures to prevent frauds ?

Implement Internal Controls
Eg : Michelin

Know your employees

Live the corporate culture



The other procedures :
To secure information systems
Eg : JP Morgan Chase

Implement External Controls
Eg : Worldcom

=> Organise a "stress test"
First Part : Frauds
Definition
Different kinds of frauds :
- Asset Misappropriation
- Financial statements frauds
- Corruption
- Cyber-Attacks
- Identity Usurpation
Consequences for companies
It can happen in large or small companies across any industry and geographic location
Make the company policy known to employees
Costs to prevent < Cost to repair
JP MORGAN CHASE : cyberattacks case
Worldcom case : The financial statements frauds
CAZALE Marlene
CESCUTTI Guillaume
GONZALEZ Emma
JARQUE Nicolas


When ?
Where ?

Elements of fraud policy :
Explicit definition

Responsibilities

All appropriate measures

The formal procedures

Notification to the appropriate authorities

Recovery of funds

The steps to be taken
Full transcript