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Chicago, IL (PRLEAK) September 29, 2009 – The recent report by Vonya Global on fraud detection and prevention contains the opinions and strategies of Executives and Internal Auditors from public, private, and not-for-profit organization, on fraud detection and fraud prevention. Results reveal that an increasing number of regulatory bodies, clients, investors, and suppliers are concerned about the need for effective measures to prevent fraud. Even though research has been conducted on this issue, none approached the concept of strategic planning in order to manage fraud risks.
With a current slowdown in the economy, every organization may experience fraud in some form or level. This is obviously a result of inadequate control over regular internal auditing and inefficient management at higher levels. This is a serious matter that companies need take note of and make strategic plans to prevent fraud. Financial losses can cost a company dearly, causing serious losses to employees and stockholders as well.
The Final Report on the Strategic Plan for Fraud Prevention and Fraud Detection indicates that companies have varied views on fraud prevention and fraud detection plans. What influenced decisions was the size of the company. Even Executives and Internal Auditors have varied opinions on strategic planning.
The basis of the report is to help companies plan a course of action for fraud detection, and fraud prevention. There are a number of strategic plans included in the Vonya Global Fraud Report, which can be downloaded from the company's website.
About Vonya Global:
Headquartered at Chicago, IL, Vonya Global LLC are specialized consultants in corporate governance and serve a wide range of companies. Their services include internal auditing, compliance, fraud investigation, and litigation support. Large accounting firms have value added support due to Vonya's global presence.
With a current slowdown in the economy, every organization may experience fraud in some form or level. This is obviously a result of inadequate control over regular internal auditing and inefficient management at higher levels. This is a serious matter that companies need take note of and make strategic plans to prevent fraud. Financial losses can cost a company dearly, causing serious losses to employees and stockholders as well.
The Final Report on the Strategic Plan for Fraud Prevention and Fraud Detection indicates that companies have varied views on fraud prevention and fraud detection plans. What influenced decisions was the size of the company. Even Executives and Internal Auditors have varied opinions on strategic planning.
The basis of the report is to help companies plan a course of action for fraud detection, and fraud prevention. There are a number of strategic plans included in the Vonya Global Fraud Report, which can be downloaded from the company's website.
About Vonya Global:
Headquartered at Chicago, IL, Vonya Global LLC are specialized consultants in corporate governance and serve a wide range of companies. Their services include internal auditing, compliance, fraud investigation, and litigation support. Large accounting firms have value added support due to Vonya's global presence.