Dinwow's Fraud Plan
Business and Management
Submitted By Angelhttr
DINGWOW INC. FRAUD PLAN
BY: Angela Y Hatter
INSTRUCTOR: Dr. Anthony J Matias, DBA, MBA, CPA
COURSE: Fraud Prevention and Detection
DATE: July 10, 2014
Dingwow, Inc. is committed to the highest possible standards of opennes, probity, and accountability in all its affairs. It is determined to maintain a culture of honesty and opposition to fraud and corruption. Dingwow’s fraud plan is established to facilitate the development of controls that will aid in the detection and prevention of fraud. It is our intent to promote consistent organizational behavior by providing guidelines and assigning responsibility for the development of controls and conduct of investigation.
Definition Fraud and Corruption
Fraud and corruption fall into four main categories: * Theft; the misappropriation or concealment of assets for personal gain * Corruption/bribery: giving, offering, soliciting or accepting of an inducement or reward, which may influence the action of any person * Falsifying documents, whether accounting or otherwise, for personal gain or the gain for others. * Externally perpetrated fraud against an organization
Dingwow is committed to preventing fraud and corruption from occurring and to developing an anti-fraud culture. To achieve this, Dingwow will comply with the requirements of AICPA’s SAS 99, Consideration of Fraud in Financial Statement Audit. SAS 99 defines risk factors for fraudulent financial reporting and theft and can be used as a basic model for assessing the risk of fraudulent financial reporting. The risks outlined in SAS 99 include factors such as management conditions, the competitive and business environment, and operational and financial stability. The risk factors for theft include employee relationships, internal control, and the susceptibility of assets.
Fraud/IT Risk Assessment