Reference no: EM1340763
Loss Prevention Policies
Management is aware of the increased requirements for a public company to maintain a system of internal control to help prevent and detect fraud. The CEO, Mary Moore, is also interested in using a proactive posture toward building an antifraud prevention program, including exploring using a proactive auditing approach to fraud discovery. The internal auditor and the external fraud investigator as well as accounting and consulting firms have discussed proactive approaches for detecting fraud.
Management is aware that eliminating the opportunity for fraud is critical. Recently, the Institute of Internal Auditors (IIA), the American Institute of Certified Public Accountants (AICPA), and the Association of Certified Fraud Examiners have adopted a comprehensive guide for managing the business risk of fraud.
Please answer the following questions in preparing this 4â?"6 page paper. As you answer each question, you must provide support or evidence that will enhance and empirically prove your answers. Academic criminal justice articles or real life criminal justice findings that are not found in journals or other academic sources must be used in supporting your answers. Please use APA style for all cited sources, including your reference page.
What are the benefits of a comprehensive control program? If you were advising this corporation, what would be the specific benefits for them?
What would be the procedures that should be considered for detective controls, including independent checks and a system for documents and records?
Show the possibility of a fraud hotline as part of your program. How can a hotline be implemented as a tool for preventing and detecting fraud? Provide an overview of steps that you would take for a successful implementation if the corporation wanted this option.
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Show the worker''s compensation assessment
: John Smith is injured on the job when a piece of equipment tips over and What steps should he follow for treatment, compensation for lost pay, and financial recompense?
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Show the employee benefits
: Benefits are very necessary. However, it is not possible for all companies, of any size to be able to afford all of these programs. In addition, the new medical insurance fine may in many cases put companies down for the count.
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Components of the compensation package
: Components of the Compensation package - How corporate executives are getting paid in Canada in terms of Components of the Compensation package
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Compensation and benefits-reward-behavior relationship model
: Explain this model and compare it with Herzberg and Maslow's theories on motivation. Include examples and highlight key differences between them.
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Show the possibility of a fraud hotline
: Show the possibility of a fraud hotline as part of your program. How can a hotline be implemented as a tool for preventing and detecting fraud and Provide an overview of steps that you would take for a successful implementation if the corporation ..
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Executive vs. non-executive pay
: Contrast the principle difference between executive pay and non-executive pay, including a discussion on controversies associated with the growing disparity between executive and non-executive compensation packages.
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Explain organization''s compensation plan
: Contingent workers are assuming a greater role in today's organization and What impact may these changes have on an organization's compensation plan
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Plans focus on individual performance
: In collectivist societies such as Japan and Taiwan, pay plans focus on -individual performance
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Show the description of ceo compensation
: Explain What do others say about CEO's pay and Cite at least one credible external reference on each side of this issue in stating and justifying your position.
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