A Short Guide to Fraud Risk: Fraud Resistance And Detection

A Short Guide to Fraud Risk is for: anyone who needs to better understand fraud risks, either across their organisation, or in a specific business unit; directors and managers who would like to add value by building fraud resistance into their organisation and to demonstrate to shareholders, regulators or other stakeholders that they are managing fraud risks, rather than just reacting to incidents; and regulators, auditors and compliance professionals who need to assess the effectiveness of an organisation's fraud prevention measures. The book gives a concise but thorough introduction to the risk of fraud based on a six-element strategy. It includes practical steps to assess and treat fraud risks across an organisation, including those relating to executive directors. It also provides practical steps to develop fraud awareness across an organisation and how to implement an effective fraud detection and incident management program. The application of the principles is illustrated with example documents and numerous case studies aimed at assisting the reader to implement either individual elements or a complete fraud risk management strategy.

About the Authors and Editor

Nigel Iyer and Martin Samociuk are both practitioners in fraud risk management with an emphasis on proactive prevention and detection. Both have extensive practical experience in this field in most parts of the world. The authors founded the Hibis Group (hibis.com), a consultancy specializing in helping organisations improve their resistance to fraud. They co-authored Fraud and Corruption: Prevention and Detection, published by Gower.

Martin Samociuk is co-author of Fraud Resistance: a Practical Guide published by Standards Australia. He is also a contributing author to the book The Protection of Computer Software: Technology and Applications published by Cambridge University Press on behalf of the British Computer Society, and the Computer Security Reference Book published by Butterworth Heinemann.

Nigel Iyer is co-author of Fraud Resistance: a Practical Guide, and the author of a management novel The Tightrope. He is currently developing a number of new dramatic productions and training films and is a Partner in the Septia Group (septiagroup.com).

Helenne Doody is a fraud risk management specialist. She trained as a Chartered Accountant at PricewaterhouseCoopers', working for seven years in their Forensic Services team both in the UK and Australia. She then worked as a specialist within the Chartered Institute of Management Accountancy's (CIMA) Innovation and Development department.