The potential for corporate fraud and misconduct to easily spread from a small brush fire into a full-blown firestorm has garnered the attention of regulators, with the Unites States Securities and Exchange Commission, the Public Company Accounting Oversight Board and the Federal Sentencing Commission all having recently addressed this topic. While it may not be possible to eliminate the risk of fraud altogether, a company can at least identify it early and minimize its damage with proper planning, policies and procedures.
This report provides step-by-step guidance on how to develop an effective antifraud program that addresses not only financial statement risk, but equally important reputation, operational, legal and strategic risks. In addition, it provides a summary of fraud schemes that are common to the
Transportation & Logistics industry.