fraud training for employees is a necessary measure used to prevent fraudulent activity from occurring within an organisation due to the conduct of an employee. fraud training establishes a fair and ethical culture within a business, which is needed to ensure that corruption does not take place. company compliance with the uk fraud act 2006 is essential if a company wants to be well regarded in the business world, as it is admirable if an organisation and its employees are well committed to preventing fraud. according to the fraud triangle theory, if there is an opportunity present within an organisation, then this will encourage an employee to commit fraud. fraud can assume many different forms, and an employee needs to be aware of when they are potentially at risk to protect the organisation that they are a part of. employee fraud, whether conducted consciously or if an employee has failed to prevent fraud from occurring, can cause severe repercussions for the organisation as a whole.
a report conducted by kpmg, a professional service company, found that 26% of fraud perpetrators are employees, and therefore this demonstrates that there does need to be a concerted effort to ensure employees have fair and ethical business conduct. this environment will hold employees accountable for their actions and ensure that they are encouraged to comply with fair and ethical business practice. jenny clarke was an office manager for the mp and was accused of faking her boss’ signature on an independent parliamentary standards authority form in order to confirm her own pay rise to £39,000 a year and a reduction in the number of hours she would work a week. if you want your organisation to promote a fair and ethical business culture, then you need to implement the necessary procedures, starting with training for employees. this will allow an organisation to collectively conduct anti-fraudulent policies and business practice. please leave your details below and a member of our team will get back to you.
it is therefore important to provide anti-fraud training to all employees, especially those in high-risk areas. effective anti-fraud training offers several benefits. effective anti-fraud training can also improve employee morale and lead to increased compliance with legal and regulatory obligations and standards. perhaps most important, however, is that the training be based on the realities of the organization, rather than on your procedures for handling external fraud can be straightforward and should not require significant judgment on the part, anti fraud training program, anti fraud training program, fraud detection training for employees, free anti-fraud training, importance of fraud education. training provides an effective way to communicate management\’s commitment to ethical operations. if employees and external auditors see that management is serious about reducing fraud, training could help control audit fees by reducing the time the external auditor must spend on fraud assessment.
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