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Internal Controls & Fraud Prevention

Reciprocity

It serves as a benchmark to assess behaviors and hold employees accountable if they are non-compliant. Internal Audits. Solid internal audit procedures limit the risk of fraud. Along with management reviews, internal audits are critical to assess existing anti-fraud controls and assure they remain effective and up-to-date.

Audit 52
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Important KPIs for Successful Vendor Management

Reciprocity

After acceptable risk levels have been established, evaluate vendors’ security performance — and if a vendor’s cybersecurity is too lax for your tastes, require that vendor to make improvements as necessary. Resolve problems to avoid harm to your productivity or services. Benchmark multiple vendors’ performance.