The purpose of this paper is to discuss what companies can do to prevent, deter and detect fraud and will include the importance of:

• Implementing internal controls (traditional weak areas in internal control)
• Risk assessment (how to prepare a risk assessment)
• Hotlines
• Company code of ethics (suggestions for good company code of ethics)-discuss impact of new AICPA Code of Conduct
• COSO Integrated Frameworks (governance, internal control and fraud deterrence)
• Auditing Standards (AU316)
• Sox (ethics and disclosure)
• Foreign Corrupt Practices Act/UK Bribery Act/other laws to follow
• Using data analytics/data mining to detect fraud
• Cybersecurity (what to enforce/procedures to protect your company)