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WorksheetsFraud Prevention Scorecard
Total questions: 29
Worksheet time: 15mins
Our organizational culture — tone at the top — is as strong as it can possibly be and establishes a zero-tolerance environment with respect to fraud.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Our organization’s top management consistently displays the appropriate attitude regarding fraud prevention and encourages free and open communication regarding ethical behavior.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Our Code of Organizational Conduct has specific provisions that address and prohibit inappropriate relationships whereby members of our board or members of management could use their positions for personal gain or other inappropriate purposes.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have done a rigorous fraud risk assessment using the COSO Enterprise Risk Management–Integrated Framework and have taken specific actions to strengthen our prevention mechanisms as necessary.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have assessed fraud risk for our organization adequately based on evaluations of similar organizations in our industry, known frauds that have occurred in similar organizations, in-house fraud brainstorming, and periodic reassessments of risk.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have addressed the strengths and weaknesses of our internal control environment adequately and have taken specific steps to strengthen the internal control structure to help prevent the occurrences of fraud.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Our organizational structure contains no unnecessary entities that might be used for inappropriate purposes or that might enable less-than-arms-length transactions or relationships.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have assessed all overseas and decentralized operations carefully and have taken proactive steps to ensure that they have fraud preventive controls in place to conform with the strictest legal standards and highest ethical principles.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have divested our organization of all unnecessary third-party and related-party relationships.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
For any remaining third-party and related-party relationships, we have taken positive measures to ensure that such relationships do not allow opportunities for frauds to occur without detection.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have assessed the alignment of authorities and responsibilities at all levels of organization management and are not aware of any misalignments that might represent vulnerabilities to fraud.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Our audit committee has taken a very proactive posture with respect to fraud prevention.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Our audit committee is composed only of independent directors and includes persons with financial accounting and reporting expertise.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Our audit committee meets at least quarterly and devotes substantial time to assessing fraud risk and proactively implementing fraud preventive mechanisms.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have a strong internal audit department (if applicable) that functions independently of management. The charter of our internal audit department expressly states that the internal audit team will help prevent and detect fraud and misconduct.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have designated an individual with the authority and responsibility for overseeing and maintaining our fraud prevention programs, and have given this individual
the resources needed to manage our fraud prevention programs effectively. This individual has direct access to the audit committee.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Our human resources department conducts background investigations with the specific objective of assuring that persons with inappropriate records or characters inconsistent with our corporate culture and ethics are identified and eliminated from the hiring process.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Our human resources department conducts background investigations with respect to promotions or transfers into positions of responsibility.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Staff involved in the financial reporting process have been assessed with regard to their competencies and integrity and have been found to be of the highest caliber.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
All of our employees, vendors, contractors, and business partners have been
made aware of our zero-tolerance policies related to fraud and are aware of the appropriate steps to take in the event that any evidence of possible fraud comes to their attention.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have a rigorous program for communicating our fraud prevention policies and procedures to all employees, vendors, contractors, and business partners.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have policies and procedures in place for authorization and approvals of certain types of transactions and for certain values of transactions to help prevent and detect the occurrences of fraud.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Our performance measurement and evaluation process includes an element specifically addressing ethics and integrity as well as adherence to the Code of Organizational Conduct.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
All new hires must undergo rigorous ethics and fraud awareness and fraud prevention training.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
All employees must attend periodic (at least annual) ethics and fraud awareness and fraud prevention training, and the effectiveness of this training is affirmed through testing.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
Terminated, resigning, or retiring employees participate in an exit interview process designed to identify potential fraud and vulnerabilities to fraud that may be taking place in our organization. A specific focus of these interviews is an assessment of management’s integrity and adherence to the Code of Organizational Conduct. All concerns resulting from these interviews are communicated to our audit committee.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have an effective whistleblower protection program and fraud hotline in place, and its existence and procedures are known to all employees, vendors, contractors, and business partners.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We review the above fraud preventive mechanisms on an ongoing basis and document these reviews as well as the communication with the audit committee regarding areas that need improvement.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
We have a fraud response plan in place and know how to respond if a fraud allegation is made. The fraud response plan considers:
Who should perform the investigation. How the investigation should be performed. When a voluntary disclosure to the government should be made. How to determine the remedial action. How to remedy control deficiencies identified. How to administer disciplinary action.
None of the other answers corresponds to my idea.
Consideration is strong and fraud risk has been reduced to a minimally acceptable level.
Consideration needs some strengthening and improvement to bring fraud risk down to an acceptable level.
Consideration needs substantial strengthening and improvement to bring fraud risk down to an acceptable level.
