The Final Report on the Strategic Plan for Fraud Prevention and Fraud Detection compares the survey responses based on company size and on role within the company. The reports shows that the opinions on Fraud Prevention and Fraud Detection Plans vary greatly depending on the size of the company. It was also found that Executives and Internal Auditors differ in opinions on the effectiveness of Strategic Plan for Fraud Prevention and Fraud Detection. The report includes quotes from the respondents, such as:
"Fraud will always exist at some level and in some form throughout any organization that employs people to fulfill its mission."
"Fraud is a direct result of not applying the business and audit basics - internal controls, coupled with regular audits to those controls. A contributing factor, when fraud is present, overwhelmingly is lack of 'tone at the top'".
"Companies should do more to deter and detect fraud. Costs go far beyond the simple dollars someone steals or gains through materially misstated financial statements. Loss to employees and stockholders can be substantial."
The results of this survey are intended to provide benchmarking information to companies interested in fraud prevention, fraud detection, and fraud deterrence strategies. The report can be downloaded by visiting this site: http://www.vonyaglobal.com/
