Fraud Policies
One of the primary factors contributing to fraud is an inadequate system of internal controls. Weak internal controls not only open the door of opportunity for fraud to occur, but actually promote that opportunity. Establishing good internal controls is one way to minimize the opportunity for fraud. Another way to minimize the opportunity is to adopt a fraud policy outlining what is expected of all employees in terms of their personal conduct as well as their role and responsibility in reporting suspected inappropriate actions by others.
Policies should address:
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Example policies: (Word format) |
Please note: All example policies are for illustrative purposes only. None of these example policies have been reviewed by LGC legal staff for enforceability or compliance with applicable laws. LGC makes no express or implied endorsement or recommendation of any example policy, nor does it make any express or implied guarantee of the legal enforceability, legal compliance, or quality of any particular policy. Likewise, we do not represent that any particular policy or portion of a policy is appropriate for any particular municipality. Legal counsel should review any proposed financial policy before a municipality adopts it.