NCJ Number
13095
Journal
Law and Order Volume: 22 Issue: 2 Dated: (FEBRUARY 1974) Pages: 37
Date Published
1974
Length
1 page
Annotation
MEASURES FOR MANAGEMENT TO PREVENT FRAUD IN BUSINESSES.
Abstract
THE AUTHOR RECOMMENDS EMPLOYMENT OF OUTSIDE CONSULTANTS TO HANDLE AUDITING. HE POINTS OUT THAT AN AUDIT DOES NOT GUARANTEE FRAUD DETECTION. IT IS ADVISED THAT THE SECURITY DIRECTOR AND THE AUDITING DEPARTMENT BE PLACED UNDER SEPARATE ADMINISTRATIONS TO INSURE THE OBJECTIVENESS AND INTEGRITY OF EACH. OTHER RECOMMENDATIONS INCLUDE MONTHLY SUMMARY REPORTS OF THE ACTIVITIES OF THE SECURITY DIRECTOR, IN-DEPTH EXAMINATION OF THE BACKGROUND OF INDIVIDUALS CONSIDERED FOR PROMOTION TO A MANAGERIAL LEVEL, PROSECUTION IN INSTANCES OF FRAUD DETECTION, PERIODIC MANAGEMENT SECURITY AUDIT, AND LIAISON BETWEEN THE COMPANY AND THE AREA LAW ENFORCEMENT AGENCIES.