|
|
|
|
Investigation of Systems failures
Systems failures are cited for majority of the instances of fraud and corruption. Systems that are poorly designed or compromised by discretionary powers lead to availability of opportunities to the fraudsters. Opportunity, peer pressure and rationalization for the fraudulent acts are the three major ingredients that brew the perfect frauds. Investigating the systems and to determine if they are working efficiently are the COSO requirements. Take a policy decision to determine annually the systems integrity and assure your Board of Directors of the reasonable steps taken to ensure health of your organization. Every systems compromise must be investigated professionally and stop the revenue leakages.
|
|
|
|