Title: Assignment 4 - Fraud
Course: KVCC_BUS205 > Section: Assignments

In class we have been discussing the concept of securing your business, paying special attention to the protection of the content housed in the information system. Often our concern is looking outward for threats and this becomes our primary focus. The problem however is that there are many instances where issues can arise from within specifically in relation to fraud. Because this is not often a common consideration I want you to consider this by examining your current or past workplaces and answer the following questions:

1.      What kind of workplace are you examining?

2.      As an employee was there any discussion or policy review in regards to fraud? If your answer is yes, what was discussed and what standards are in place for that organization?

3.      Look at the business and start to identify areas where fraud could enter in? Has there been any documented cases of fraud occurring?

4.      Look at the Fraud triangle containing opportunity, motive, and rationalization and create a scenario of each part and how it could fit within that business.

5.      What is your overall assessment of the potential for fraud within this business?

6.      In the book they list the following methods to counteract fraud:

a.      Separation of duties

b.     Records and audit trails

c.      Monitoring

d.     Asset control and reconciliation

e.      Security

7.      Look at each item and describe how each could be included within this organization?

8.      What other protections would you add to stop fraud from occurring?

9.      How do you personally shield yourself from taking part or being suspected of fraud?

10.  If you believe someone is committing fraud within your organization what would you do? Why?

11.  What other dangers besides fraud can you think of that exist within this business?

Attached Files: | - KVCC BUS205_BusSysAnalysis_Assignment 4.pdf