To wrap up this course and occupational fraud, let's summarize some of the key findings identified by the experts. First, recognize that fraud is a universal problem. Don't bury your head in the sand and pretend that it can't happen to you or your organization. Second, pay careful attention to establishing anti fraud controls. Some are more effective than others. Most are just common sense good business practices that you shouldn't bypass regardless of how large your organization is.
Third, speaking of size, smaller organizations are at greater risk of occupational fraud. They likely have fewer resources to achieve segregation of duties or it controls they are probably operate with fewer policies. And most of all the resources of the organization are entrusted to fewer people. Finally, remember that most Foster's First time offenders, the identity of the fraudster is a person that most often surprises you. So recognize those red flags and dig a little deeper when something doesn't seem quite right. There is more than a remote chance that your suspicion is founded, and I can guarantee it will be worth the second look.
Let's have a reflection moment to see if your perception of fraud has changed as a result of this course. So ask yourself the following three questions. Firstly, has your organization done any fraud awareness training? Secondly, does your organization have a fraud policy? Not a code of conduct, but a specific policy directed at fraud? And finally, does your organization have any formal anti fraud controls in place, keeping in mind that as we learn so many things, controls are more effective than others.
So to finish this course, I thought it'd be good to check back with our friend Karen the serial cookie thief. So welcome back to the show. Karen. Have you had the opportunity? And a cookie jar was right in front of you? Would you steal the cookie?
Nobody's looking. Nobody will know. What if I promised you a cookie, but I didn't give you the cookie? Would you take the cookie then now? Let's just say you saw someone stealing your sister's iPod. What would you do?
Good. Okay, so you'd submit a tip. Hmm, very interesting. How do you feel about stealing? Wrong? It's bad.
No, that's all from me. In this course so until next time, don't stop, stop. Don't stop.