Fraud Prevention and Detection: Best Practices for Management and the Board of Directors

The video tutorial discusses the importance of fraud prevention and detection, emphasizing management's role in setting an ethical tone and creating a positive workplace. It highlights the significance of employee training, whistleblower hotlines, and fraud risk management principles. The role of audit committees in overseeing fraud risk and the limitations of external auditors in detecting fraud are also covered.

What are the five principles of fraud risk management that senior executives should keep in mind?

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What is the importance of the Audit Committee in fraud risk management?

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Why is the role of external auditors in fraud detection considered limited?

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