Zero Tolerance to Fraud

Ethical Problems in Companies
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Milan Jagric
Consultant, Slovenia

Zero Tolerance to Fraud

🔥NEW We have zero tolerance to fraud...
In practice, we often come across similar statements. What do we mean by such a statement?
Maybe that we do not allow fraud in our organization? But if so, what do we actually do to make such a statement hold?

  Milan Jagric
Consultant, Slovenia
 

Zero Tolerance to Fraud and the Role of Risk Appetite

In my opinion, zero tolerance to fraud is a complete misunderstanding of what risk appetite is. There is a wealth of metrics and information out there that you can tap into to articulate statements in a way which will actually add particular guidance to a business, and you'd be able to measure whether you're operating within those parameters:
What can we say about risk appetite:
- Risk is the effect of uncertainties on an objective,
- Risk appetite measurement (sufficient differentiation, the current risk position, the amount of risk, the residual gap),
- Risk profile (point in time, expressed in relation to risk limits, to be considered for entity, having regard to capital, gross and net risk profile),
- Risk capacity (the maximum level of risk, before it breaches constraints, drivers of capacity, risk maturity),
- Risk tolerance (risk attitude, risk behavior, emotional intelligence),
- Risk limits (quantitative measures, qualitative statements, cascading risk tolerance down),
- Risk statement.

  Jaap de Jonge
Editor, Netherlands
 

Zero Tolerance to Fraud / Mistakes / Risks

Hi Milan, thanks for starting up this interesting (...)

  Milan Jagric
Consultant, Slovenia
 

Zero Susceptibility to the Risks of Fraud

I put a zero tolerance for deception on the forear (...)

  Norman Dragt
Netherlands
 

Abuse of Zero Tolerance Policies

What you often see with 'zero tolerance' policies (...)

  cletus u. nwonu
Accountant, Nigeria
 

Zero Tolerance to Fraud is a Hard Nut to Crack

Zero tolerance to fraud is an ethical issue. Fraud (...)

  Milan Jagric
Consultant, Slovenia
 

Zero Tolerance to Fraud Needs KPIs

I agree, a "zero tolerance" policy itself is not e (...)

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