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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. For example, all activities related to financial record-keeping, authorization, reconciliations, and reviews should be divided among different employees. These auditors must know how to assess fraud risk.

Audit 52
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SIA New Member Profile: IXP Corporation

Security Industry Association

Collaboration and information sharing: Institutions could establish stronger partnerships with local law enforcement agencies, health care providers and neighboring organizations to enhance security through information sharing, coordinated response plans and joint training exercises.