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Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Employee satisfaction increases due to the.

Published byEdwin Blake Allen Modified over 9 years ago

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Presentation on theme: "Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Employee satisfaction increases due to the."— Presentation transcript:

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2 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Employee satisfaction increases due to the emphasis on safety and integrity, Management proactivity increases due to identified trends in the areas of safety, harassment, discrimination and other costly issues, Profitability increases due to controlled costs such as insurance, workers compensation and governmental fines,

3 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Malicious lawsuits are more easily defeated, Theft is detected more quickly, if not deterred altogether, Reputations are protected when small problems are caught before becoming big Management spends less time on headaches and more time on constructive efforts ALL OF THIS LEADS TO

4 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Enron Politicians Mortgage Industry NFL

5 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Fraud in the workplace Hiring Practices and Other HR Practices OSHA Violations Animal Welfare

6 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com

7 Tone at the Top Policies and Rewards Management must “Champion” this Communicate the Process

8 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Discuss often (reinforcement) – WE create SAFE food for the WORLD – WE treat animals HUMANELY – WE treat others with RESPECT Effective Deterrence

9 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Identify Risks Assess Risk Determine Response

10 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Ethics training Anti-Fraud training Assess performance and compensation (do they match the companies goals) Reviewing exit interviews

11 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Looking at segregation of duties Authority Limits Documentation of the risk assessment and controls Continuous monitoring

12 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Anonymous fraud/ethics hotline Reconciliations and Review Physical inspections and observations Internal audit Data analysis

13 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Prompt and confidential review Investigation team Evaluate the allegation Protocols – Timeliness – Secure evidence – Objectivity – Notification (law enforcement, auditors, insurance)

14 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Investigate – Interviews – Evidence – Computer forensics Reporting & Communications Corrective Actions – Criminal – Civil case – Insurance – Improvements

15 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com Organizations benefit in many ways: – Employee satisfaction – Management proactivity increases due to identified trends in the areas of safety, harassment, discrimination and other costly issues, – Profitability increases due to controlled costs – Malicious lawsuits are more easily defeated – Theft is detected more quickly, if not deterred altogether, – Reputations are protected – Management spends less time on headaches and more time on constructive efforts

16 Frost, PLLC | 425 West Capitol Avenue, Suite 3300 | Little Rock, AR 72201 | 501.376.9241 | www.frostpllc.com T.J.Boyle, CPA FROST, PLLC TBOYLE@FROSTPLLC.COM 501.376.9241 TBOYLE@FROSTPLLC.COM

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