Preventing Fraud: Assessing the Fraud Risk Management Capabilities of Today's Largest Organizations

Sponsored By Protiviti

Topics:

Compliance & Governance > DOJ

Finance & Risk Management

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Abstract:

In late 2006 and 2007, Protiviti commissioned a study to gauge the fraud risk management (FRM) capabilities of FORTUNE 1000 companies and large not-for-profit organizations. The study's goal was to better understand how FRM is operationalized, which was accomplished by assessing how the nation’s largest public companies and nonprofits have addressed FRM and the maturity of related efforts to evaluate, mitigate and monitor fraud risk. Key findings from the survey include:
- Organizations are at different maturity points in their capabilities to evaluate, mitigate and monitor fraud risk.
- Organizations are struggling to understand what FRM means in the context of their daily operations.
- Education and awareness are critical issues that need greater attention in order to successfully manage fraud risk.

DETAILS

Sponsored by: Protiviti

Released: June 18, 2008

Length: 10 pages

Format: PDF (470 kb)

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