Fraud Risk Assessment Template Download as PDF Digitalize this paper form now
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Cut inspection time by 50% Uncover more issues and solve them 4x faster Select from over 4000 expert-proofed templates Fraud Risk Assessment Template Is ongoing anti-fraud training provided to all employees of the organization? Yes No N/A Do employees understand what constitutes fraud? Yes No N/A Have the costs of fraud to the company and everyone in it — including lost profits, adverse publicity, job loss and decreased morale and productivity — been made clear to employees? Yes No N/A Do employees know where to seek advice when faced with uncertain ethical decisions, and do they believe that they can speak freely? Yes No N/A Has a policy of zero-tolerance for fraud been communicated to employees through words and actions? Yes No N/A Has a policy of zero-tolerance for fraud been communicated to employees through words and actions? Yes No N/A Is an effective fraud reporting mechanism in place? Yes No N/A Have employees been taught how to communicate concerns about known or potential wrongdoing? Yes No N/A Is there an anonymous reporting channel available to employees, such as a third-party hotline? Yes No N/A Do employees trust that they can report suspicious activity anonymously and/or confidentially and without fear of reprisal? Yes No N/A Has it been made clear to employees that reports of suspicious activity will be promptly and thoroughly evaluated? Yes No N/A Do reporting policies and mechanisms extend to vendors, customers, and other outside parties? Yes No N/A To increase employees’ perception of detection, are the following proactive measures taken and publicized to employees? Yes No N/A Is possible fraudulent conduct aggressively sought out, rather than dealt with passively? Yes No N/A Does the organization send the message that it actively seeks out fraudulent conduct through fraud assessment questioning by auditors? Yes No N/A Are surprise fraud audits performed in addition to regularly scheduled audits? Yes No N/A Is continuous auditing software used to detect fraud and, if so, has the use of such software been made known throughout the organization? Yes No N/A Is the management climate/tone at the top one of honesty and integrity? Yes No N/A Are employees surveyed to determine the extent to which they believe management acts with honesty and integrity? Yes No N/A Are performance goals realistic? Yes No N/A Have fraud prevention goals been incorporated into the performance measures against which managers are evaluated and which are used to determine performance-related compensation? Yes No N/A Has the organization established, implemented, and tested a process for oversight of fraud risks by the board of directors or others charged with governance (e.g., the audit committee)? Yes No N/A Are fraud risk assessments performed to proactively identify and mitigate the company’s vulnerabilities to internal and external fraud? Yes No N/A Are strong anti-fraud controls in place and operating effectively, including the following? Proper separation of duties Yes No N/A Use of authorizations Yes No N/A Physical safeguards Yes No N/A Mandatory vacations Yes No N/A Does the internal audit department, if one exists, have adequate resources and authority to operate effectively and without undue influence from senior management? Yes No N/A Does the hiring policy include the following (where permitted by law)? Past employment verification Yes No N/A Criminal and civil background checks Yes No N/A Drug screening Yes No N/A Education verification Yes No N/A References check Yes No N/A Are employee support programs in place to assist employees struggling with addictions, mental/ emotional health, family or financial problems? Yes No N/A Is an open-door policy in place that allows employees to speak freely about pressures, providing management the opportunity to alleviate such pressures before they become acute? Yes No N/A Are anonymous surveys conducted to assess employee morale? Yes No N/A
Please note that this checklist template is a hypothetical appuses-hero example and provides only standard information. The template does not aim to replace, among other things, workplace, health and safety advice, medical advice, diagnosis or treatment, or any other applicable law. You should seek your professional advice to determine whether the use of such a checklist is appropriate in your workplace or jurisdiction.