Please write a discussion post by answering the below three questions. (250 words)Review...

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Please write a discussion post by answering the below three questions. (250 words)
Review “Application Case 16-1: The High Cost of Theft and Fraud” and answer the following questions.
1. How do internal controls such as separation of duties, redundancy, and centralized processes discourage employees from committing fraudulent acts?
2. Why are some small businesses more susceptible to employee fraud and theft? Explain.
3. Given that the ACFE “2010 Global Fraud Study” reported that employee tips were the most common way that fraudulent acts are discovered, how can an organization encourage honest employees to report fraudulent behavior committed by co-workers, supervisors, clients, or vendors?
4. How important is it for an organization to have a code of conduct that defines fraudulent behavior, and what happens to those individuals who commit such acts?
(2 citation needed, around 250 words)
Thank you
Application Case 16-1

discussion-6-assignment-bilttvl5.docx

Sudipta · Accepted Answer

2
1. Separation of duties always offer freedom to the employee and they are only assigned with the task in which they have expertise. Redundancy allow employees to understand that company have a number of options to replace his/her position. Centralized process makes employees realize that whatever they are doing will be reviewed at top management level (Giannoccaro, 2018). Therefore, these internal controls discourage employees from committing fraudulent acts. 
2. Founders or idea generators of small businesses maintain their position in management level. Therefore,

Please write a discussion post by answering the below three questions. (250 words) Review “Application Case 16-1: The High Cost of Theft and Fraud” and answer the following questions. 1. How do...

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