Who Owns the Fraud Response?
Assign fraud-response roles so management, compliance, internal audit, legal, and forensic specialists do not compromise independence.
3 functions claiming ownership $1.6m rebates issued this quarter 1 audit committee sponsor needed Which ownership model best protects the fraud response? Legal sponsors a governed investigation, forensic accounting leads fact finding, management provides records and owns remediation, and internal audit preserves independent assurance. Operations leads the investigation because it understands the rebate process and can move fastest. Compliance leads every step because rebate fraud is primarily a policy violation. Internal audit leads the full investigation and then audits whether management remediated the issue. The best answer separates fact finding, process ownership, policy advice, remediation, and independent assurance. Creates a…
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