Sample Fraud Policy For Corporation printable pdf download

Sample Fraud Policy For Corporation

Sample Fraud Policy

BACKGROUND

The corporate fraud policy is established to facilitate the development

of controls that will aid in the detection and prevention of fraud

against ABC Corporation. It is the intent of ABC Corporation to

promote consistent organizational behavior by providing guidelines

and assigning responsibility for the development of controls and

conduct of investigations.

SCOPE OF POLICY

This policy applies to any irregularity, or suspected irregularity,

involving employees as well as shareholders, consultants, vendors,

contractors, outside agencies doing business with employees of such

agencies, and/or any other parties with a business relationship with

ABC Corporation (also called the Company).

Any investigative activity required will be conducted without regard

to the suspected wrongdoer’s length of service, position/title, or

relationship to the Company.

POLICY

Management is responsible for the detection and prevention of fraud,

misappropriations, and other irregularities. Fraud is defined as the

intentional, false representation or concealment of a material fact for

the purpose of inducing another to act upon it to his or her injury.

Each member of the management team will be familiar with the types

of improprieties that might occur within his or her area of respon-

sibility, and be alert for any indication of irregularity.

Any irregularity that is detected or suspected must be reported

immediately to the Director of _____________, who coordinates all

investigations with the Legal Department and other affected areas,

both internal and external.

Sample Fraud Policy For Corporation