Post addresses Mary Moore, the CEO of Beta, Inc.
Mary Moore, the CEO of Beta Inc., has called a management meeting to discuss a comprehensive fraud prevention program. She is very supportive of both internal audit and investigation functions and realizes it would be cost effective to have a comprehensive fraud prevention program.
The management team wants to institute several steps to create a culture of honesty and high ethics in the company. The CEO tells her that there are no limits to what they can institute in a comprehensive fraud prevention plan.
-What recommendations would you offer the CEO to encourage a culture of honesty, openness, and assistance?
-Do you think that a culture of honesty, openness, and assistance can exist as suggested by Ms. Moore? Or is it a utopian idea with no understanding of how human nature works?