Fraud Policy and Procedure Manual | Essential for Detecting Financial Statement Fraud

Financial statement fraud and securities fraud, according to the FBI, includes false information on a company's financial statement and Securities and Exchange Commission (SEC) filings, lying to corporate auditors, insider trading, various stock schemes, along with embezzlement. These are serious fraud acts which can financially and legally cripple and even destroy a company overnight. Protecting your organization from these acts starts with adopting and implementing a Fraud Policy and Procedure Manual throughout your organization; a document that creates a culture of awareness and accountability amongst your employees. Developed by industry experts in fighting financial statement fraud and various aspects of corporate fraud, the Fraud Policy and Procedure Manual contains an exhaustive amount of information for detecting, preventing, understanding, identifying, and reporting fraud.

Here's just a small sample of information included in this industry leading document that will help lay the groundwork for detecting and preventing financial statement fraud, securities fraud, and all other types of fraud that occur within organizations:

A comprehensive list of state and federal agencies that provide educational resources on all aspects of fraud along with contact information for reporting fraud.

  • A Fraud Awareness Training Program template, which can be easily customized to your organization's exact needs.
  • A list of critical usage policies and procedures for helping detect and prevent fraud, such as financial statement fraud, securities fraud, and various forms of occupational fraud.
  • Documented procedures for reporting, investigating and dealing with fraud, if it unfortunately occurs within your organization.

Why do you need a documented Fraud Policy and Procedure Manual for your organization? Because securities fraud and financial statement fraud are serious matters that could severely damage your organization.

Additional examples of securities fraud include the following:

  • Also known as stock fraud and investment fraud, it is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses.
  • Deceptive practices in the stock and commodity markets, which occurs when investors are enticed to part with their money based on untrue statements.
  • Outright theft from investors and misstatements on a public company's financial reports along with insider trading along with other illegal acts of a stock or commodity exchange.

Protect your business from securities fraud, financial statement fraud, and the wide-range and all-too common fraud schemes being played out today. Get the Fraud Policy and Procedure Manual today from fraudpolicy.org.