| CAP Program Elements | Objective | Services Provided |
|---|
| Comprehensive Fraud Risk Assessment |
to identify the organization's susceptibility to specific types of corporate fraud and the likelihood and significance of those frauds
|
- identify fraud risk factors
- evaluate pertinent corporate fraud scenarios
- assess likelihood of occurrence and resultant impact on the organization
|
| Control Activities |
to assess effectiveness of anti-fraud controls and to implement or improve control measures to appropriately manage identified fraud risks
|
- map existing controls
- test existing controls
- identify control gaps
- implement control enhancements
|
| Organizational Structures, Policies and Procedures |
to enable an organization to best structure its policies and procedures for efficient corporate fraud detection should fraud occur, and ascertain that its anti-fraud policies and procedures are well constructed, properly communicated and followed
|
- recommend compliance structures and policy and provide procedural guidance
- test employees' understanding of, and compliance with, policies and procedures
|
| Ethics Awareness and Education |
to promote an organizational culture that encourages ethical conduct and a commitment to compliance with the law
|
- provide advice on code of ethics
- provide ethics education
- establish and evaluate ethics helpline
|
| Fraud Education |
to enable an organization's employees, officers, directors and agents to identify and respond appropriately to the signs of fraud
|
- provide training on potential fraud scenarios, corporate fraud detection, regulatory guidance and implications of fraud
|
| Effective Mechanisms for Reporting, Investigating and Remediating Fraud |
to help an organization respond to reports of fraud promptly and appropriately
|
- assess whistleblower hotline options and effectiveness
- establish investigation protocol
- remediate control deficiencies
|
| Background Investigations and Effective Employment Practices |
to make appropriate hiring, promotions and partnering decisions about employees and business partners based on a full understanding of their backgrounds and relationships
|
- research relevant records, interview knowledgeable individuals and analyze relationships and risks
- provide advice on aligning employee evaluation criteria with ethics and anti-fraud goals
|
| Effective Board and Audit Committee Oversight |
to assist Boards and Audit Committees in fulfilling corporate governance responsibilities through awareness and available professional resources
|
- recommend proper organizational and departmental charters
- provide policy advice on oversight of whistleblower hotline, internal investigations and fraud education
|
| Monitoring of Anti-Fraud Programs and Controls |
to provide continuing confidence that corporate fraud detection and anti-fraud programs and controls are operating effectively
|
- develop and implement monitoring plans for the anti-fraud program
- recommend changes as the organization evolves
- provide ongoing advice regarding advances in corporate fraud detection and prevention practices
|
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