1-1 Discussion: Internal Controls and Fraud Elimination

First, introduce yourself to the class. Include anything you would like to share about yourself. Then address the prompt below.

As you will learn in this course and your career, and as former ACFE President and CEO Bruce Dorris said, “It is impossible to eliminate all fraud in all organizations. However, effective leaders address fraud risk as they do any risk—they manage it.” As you introduce yourself, consider this quote and reasons why it is impossible to eliminate all fraud.

Create one initial post and respond to at least two of your classmates.

For your initial post, address the following:

1. Introduce yourself by sharing your preferred name and pronouns, your hobbies, where you are from, your professional experiences, or whatever you are comfortable sharing. Then share your experience with the COSO framework and how you believe the COSO framework most benefits an organization’s internal control structure.
2. Why is it impossible to eliminate all fraud risk?
3. How can the COSO framework be used to manage fraud risk?