Do Ethics Combat Fraud?

Imad Mouchayleh

Director-Financial Internal Control Advisory Services at University of Wisconsin – Madison

Learning Objectives

Employees that are feeling pressured to compromise personal or moral standards happen to be a leading indicator of the presence of actual wrongdoing. What nearly everyone fails to understand is that the criminal prosecution of unethical offenses is insufficient in itself to lead to the condemnation of white-collar criminals. Society should also have to view corporate and executive offenses as morally reprehensible. Being an ethical leader should de-motivate wrongdoing and manipulation while also creating a culture of honesty, honor, and pride throughout your team.

Key Takeaways:

  • Learn the value of ethics in order to reduce the risk of fraud and unethical behavior

  • Identify the importance of ethics for internal auditors, investigators, and financial managers

  • Explore how to implement ethics as an effective internal control that can deter and prevent fraud, as well as unethical conduct