A kind of roadmap indicating how the board and supervisory body should act in a case of suspected fraud. When fraud is committed, a fraud response plan helps the organisation act appropriately and expeditiously to minimise damage to the organisation, in all its forms.

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Fraud risk assessment

Latest from Definitions and Clarafication

Negotiating

Negotiation forms the seventh pillar of the Holistic Framework for Fraud Risk Management and is a…

Litigating

Litigation is the sixth pillar of the Holistic Framework for Fraud Risk Management and plays an…

Works Council

Organisations with a workforce of 50 employees or more must have a works council (WoCo). A…

Whistleblower policy

A whistleblower exposes malpractice in an organisation. Employers with a workforce of 50 or more must…