1) Do some research on COSO’s Internal Control-Integrated Framework. Focusing on “Effectiveness and Efficiency of operations,” discuss how a bank manager could design a system of internal controls to mitigate risk of theft at his/her branch.
2) How do internal controls impact the “perception of detection”?
3) What is the most essential element of an adequate employee fraud reporting program? Why?
4) What basic procedures should an organization follow in order to fulfill its due diligence