I’m studying for my Accounting class and need an explanation.

2 part assignment essay and powerpoint

Option #1: Development of an Anti-Fraud Program

This Portfolio Project option has two parts: a written report and a PowerPoint presentation.

A typical organization loses a certain percentage of annual revenue to fraud. The potential for fraud occurs in all organizations, regardless of the industry in which it operates, financial structure, or size. Every organization is vulnerable to fraud. The risk of fraud should be reduced as much as possible to improve the longevity of the organization. Hence, preventing, deterring, and detecting fraud are crucial to the success of organizations. Deterring and preventing fraud can be more economical than detecting, investigating, and recovering from fraud after the fact. These anti-fraud measures must start at the top and must be communicated throughout the organization. They must go beyond internal controls yet consider the cost-benefit.

Develop an anti-fraud program, or model, that can be implemented in any organization. In other words, don’t apply the model to a specific organization. The model, if applied correctly, must be efficient in preventing, detecting and deterring fraud. At minimum, your model must address the following factors:

Resources to consider:

Part 1: Requirements for the paper:

In addition to your written report, prepare a PowerPoint to present your Anti-Fraud Program to management.

Part 2: Requirements for the presentation:

Requirements for the final deliverables: