What Is Fraud Management

For more information, visit: https://www.lawdepot.com/?pid=pg-BFYM... Fraud management is a system of policies and procedures implemented by a corporation to detect and mitigate its internal risk of employees committing illegal acts against the company's interests to enrich themselves. Although each corporation establishes its own specific procedures, fraud risk management will ordinarily entail assessment, prevention, detection, investigation, mitigation, and corrective action. The process is often handled by internal auditors or a fraud department with occasional help from outside auditors and other business consultants.