Fraud monitoring is an essential activity for detecting and preventing fraud within one's organization. Once you take into consideration the severity of today's fraudulent schemes and the potential damages it could inflict on your organization, fraud monitoring quickly becomes a hot topic indeed. But what if fraud did occur and your fraud monitoring controls did not detect and prevent it from occurring? We hope that never happens, but if it does, you'll need to embark on a "Lessons Learned" campaign; an aggressive push through all levels of your organization for correcting any weaknesses found in your corporate culture and internal controls framework.

So how do you do it? By purchasing the Fraud Policy and Procedure Manual and implementing the entire document as part of your corporate culture for fraud monitoring, detection and prevention. The Fraud Policy and Procedure Manual also contains a "Lessons Learned" section for ensuring you take the necessary steps for preventing fraud from every occurring again. Simply put, the more time and effort you put into fraud monitoring and building a corporate culture of awareness and accountability, the less your chances of becoming a victim of fraud.

Here's a sample of the "Lessons Learned" section contained within the Fraud Policy and Procedure Manual:

Initiatives to Undertake

[Company name] will actively embark on a "Lessons Learned" initiative following the successful investigation and final reporting of the fraud that occurred. This comprehensive undertaking will incorporate the following provisions:

1. A comprehensive review of operating procedures for the areas within the organization that were affected by fraud.
2. Identifying and understanding the weaknesses and gaps within our internal controls framework that resulted in the fraud.
3. Developing recommendations for changing and modifying our internal controls framework for ensuring a greater awareness of fraud detection and prevention.
4. Holding a formal Post Fraud Organizational Briefing for the entire organization, which encompasses _______________________

This is just a small sample of the fraud monitoring, detection, and prevention source material you will receive when you purchase the Fraud Policy and Procedure Manual today.

1. Learn about the Fraud Policy and Procedure Manual
2. Examples of Common Fraudulent Schemes
3. Resources for Understanding, Identifying and Reporting Fraud
4. Resources for Understanding, Identifying and Reporting Fraud outside the United States
5. Laws and Legislation Covering Fraud
6. Types of Fraud
7. Fraud Detection and Prevention
8. Comprehensive Internal Controls Framework for Helping Detect and Prevent Fraud
9. Fraud Awareness Training Program
10. Employee Usage Policies and Procedures for Helping Detect and Prevent Fraud
11. Reporting and Responding to Fraud
12. Investigating Fraud and Notifying Relevant Parties
13. Asset Recovery
14. Lessons Learned
15. Appendix