What is the
resilience of an entity in preventing, deterring, and detecting fraud and
corruption?
Part 1(C) Fraud and
Corruption Deterrence in a For-Profit
Organization
Corruption is an
illegal and immoral act of serious existential consequences on organizations.
Whatever the cost of fraud and corruption deterrence mechanisms organizations
use, it would be less costly than what they would suffer from the ramifications
of uncovered and publicized case(s) of fraud and corruption. Fraud and
corruption deterrence aims to:
1. Set the proper tone at the top
2. Increase the likelihood of detecting corrupt acts
3. Heighten perpetrator's costs
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