is a practical guide for executives to assist in managing the risks of fraud and corruption within their organizations. The book has much to recommend it. It is a very readable and useful guide to the problems and potential risks of fraud and corruption, and there are many clear, practical points of advice given throughtout the book. An insight into how these leading forensic accounting professionals think about these issues is an important resource for the business community." (The International Journal of Accounting
, 2010, Volume 45, Issue 3, September)
From the Inside Flap
The twenty-first century global economy brings cheaper sources of supply and huge new markets, but also exposes companies to much greater risks and consequences of fraud and corruption. As a result of greater enforcement around the world, global media attention, and changing attitudes of consumers, fraud and corruption can now cost companies billions and destroy or severely damage their reputation.
Thought leaders Toby Bishop and Frank Hydoski argue that this scenario can make many companies more vulnerable to serious loss. They make a business case for boards and senior executives to adopt a fraud and corruption risk management strategy that can reduce vulnerability while increasing the ability to bounce back if fraud or corruption occurs.
Corporate Resiliency: Managing the Growing Risk of Fraud and Corruption is written for members of boards of directors and audit committees, senior executives, those who advise or report to them, and those responsible for managing fraud and corruption risks. It describes in plain English a proactive fraud and corruption risk management process that can enhance corporate resiliency.
The authors provide practical insights and highlight traps to avoid. Quotes from their interviews of business executives provide international perspectives regarding changes in fraud and corruption risks and techniques companies are adopting to deal with them.
This solutions-centered book discusses:
Reducing risk management surprises through better fraud and corruption risk assessment approaches
Using four different risk management strategies for the "Fears, Fires, Fleas, and Flaws" segments of your fraud and corruption risks
Preventive and detective controls including continuous controls monitoring and transaction monitoring
Preparing in advance for potential fraud and corruption investigations and remediation
The roles of different parties in fraud and corruption risk management-including yours
A corporate resiliency self-assessment tool you can use to assess your company
In the twenty-first century global economy, companies need to be more than smart and fast. They also need to be resilient. Corporate Resiliency shows you steps your company can take toward resiliency by identifying your fraud and corruption risks and deploying strategies for managing those risks proactively.