Changing the model for prevention and detection of fraud Available to Purchase

Proposes a new model for fraud detection that goes beyond internal accounting controls. Historically, internal and external auditors focus on internal controls and management integrity as the key components to determine the propensity for irregularities. This new paradigm focuses on gaining an understanding of the corporate culture in order to understand better the opportunity for fraud or illegal acts to occur. Corporate culture provides a more holistic and comprehensive view of the overall management philosophy and control environment. Various sources from practitioners, corporate executives to government agencies estimate that the annual cost of fraud exceeds $100 billion. Recognizes the economic impact of fraud and the historical problems associated with fraud detection. Offers recommendations and discussion for a new model to evaluate organizational behaviour as an alternative method to fight the social and economic cost of fraud.