Corporate antifraud strategies – Ethics culture and occupational integrity Cover Image

Corporate antifraud strategies – Ethics culture and occupational integrity
Corporate antifraud strategies – Ethics culture and occupational integrity

Author(s): Florinel Marian Sgărdea, Cleopatra Şendroiu, Monica Sabău
Subject(s): Economy
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: Anti-fraud strategy; Tone at the top; Ethics and integrity; Organizational culture; Anti-fraud policy

Summary/Abstract: Anti-fraud strategy development in organization has a positive impact, by reducing the probability of occurrence, detection time and materiality for fraud, however protecting corporate reputation, brand, management credibility, and business itself. Involving accounting profession in corporate governance processes, to ensure compliance, to present a true and fair view for the financial statements, to minimize risks, including the fraud one, involves assigning new responsibilities and expanding its area of deployment for the assurance engagement. The article identifies the main anti-fraud strategy success drivers-work environment with high integrity, ethical organizational culture-being analyzed in terms of composition, development, implementation and qualitative analysis of efficiency and performance. The main factor influencing the occurrence of fraud is the ethics culture and business integrity developed in the company. Its evaluation and its continuous improvement are the corporate governance requirements and prerequisites for the development of an uncorrupted occupational environment, with a proactive attitude in the fight against fraud. The final chapter summarizes the necessary documentation to be used in anti-fraud strategy development and implementation.

  • Issue Year: XV/2013
  • Issue No: 02 (28)
  • Page Range: 59-65
  • Page Count: 7
  • Language: English