Fraud is a crime that many criminal justice experts consider slippery in nature because of the obscure angles and forms it can take, and fraud is not identified until after the crime is committed. Identity theft is an example of how fraud can take the form of another person through the theft of information that makes the criminal obtain everything the person has in the form of assets, belongings, and money.
Please answer the following questions listed below. As you answer each question, you must provide support or evidence that will enhance and empirically prove your answers. Academic criminal justice articles or real life criminal justice findings that are not found in journals or other academic sources must be cited in supporting your answers. Please use APA style for all cited sources including your reference page.
-How would you protect corporate executives of fraudulent acts against them? What would be your plan of action? How would you implement your measures?
-If you were requested by the chairman of the corporation to create a loss prevention education workshop for the corporate executives, how would you create it for implementation? What would be the mechanisms that you would use to evaluate that the lessons being learned in the workshop are working toward loss prevention?
-Please use examples to accentuate your plans and theories through academic criminal justice subject matter or real life criminal justice examples that are not in academic journals.
There several ways in which corporate trade can be prevented such as setting an ethical tone that starts from the top management being the first way. This requires different organizations to come up with a code of conduct that would reflect its ethics and values. This code of conduct must be managed and a demonstration of commitment to following the codes displayed. Establishing regular fraud detection procedures such as regular internal auditing procedures which are specifically designed to aid in fraud detection is also another method. These procedures normally discourage employees from committing fraud. I would advise corporate executives to have a confidential hotline which is available 24/7 and operated by a third party who is a professional in identifying and uncovering fraud. In addition, I would encourage the corporate executives to involve their suppliers in their efforts of detecting fraud. Employees who are honest may work with their suppliers so as to discover any fraudulent schemes that an employer or any other supplier may be committing. This may be a form of kick back to such illegal acts. Finally, I would ask the corporate executives to conduct a background check which is a simple action that prevents the executive from hiring any individual with a history of employer theft. This will create an environment for hiring the best ...
Fraud against corporate executives and loss prevention education work is examined.