Responsibility

Fraud is a significant risk to the profits and reputation of all businesses today. The starting point for any organization infighting fraud effectively is a clear understanding of where responsibility for managing the risk lies. This chapter provides directors and managers with an overview, a framework within which effective governance, risk management and internal controls can be developed. The chapter starts with a look at how the delegates on courses and workshops over the years have answered the responsibility question in the quiz. The answers enable to draw a number of conclusions on areas where businesses can improve their approach.