Well the traditional approach is governance boards installed on publicly held corporations. Others utilize internal audits or operational audits so that there is a constant review of processes and controls.
Large scale fraud is built to be deceptive, it takes precaution and skill to avert these to be honest as what happened with SBP and FTX is not the first of this scale. I’m thinking of providing a post on past frauds of the same magnitude so that maybe the forum has a profile that it can sift through especially I’m speculating that the direction will be on the side of caution for EA organizations moving forward...You think that will be helpful?
I think a post on past frauds would be very welcome, although a list of reading recommendations would be equally helpful and would require less work for you. EA has a lot to learn from more diverse voices that are more experienced in management within large organizations.
Thank you. I have created this post for a basic concept on fraud and how it occurs. I will add a post on your suggestion tomorrow outlining the best reading materials out there fraud, internal audit and governance to improve the knowledge base of EA on these areas.
yes, I now think anonymity of the sort that I proposed is the wrong way of going about this. can you think of a better solution?
Hi Sara,
Well the traditional approach is governance boards installed on publicly held corporations. Others utilize internal audits or operational audits so that there is a constant review of processes and controls.
Large scale fraud is built to be deceptive, it takes precaution and skill to avert these to be honest as what happened with SBP and FTX is not the first of this scale. I’m thinking of providing a post on past frauds of the same magnitude so that maybe the forum has a profile that it can sift through especially I’m speculating that the direction will be on the side of caution for EA organizations moving forward...You think that will be helpful?
All the best,
Miguel
I think a post on past frauds would be very welcome, although a list of reading recommendations would be equally helpful and would require less work for you. EA has a lot to learn from more diverse voices that are more experienced in management within large organizations.
Hi Sara,
Thank you. I have created this post for a basic concept on fraud and how it occurs. I will add a post on your suggestion tomorrow outlining the best reading materials out there fraud, internal audit and governance to improve the knowledge base of EA on these areas.
All the best,
Miguel