ECCTA compliance series: Top Level Commitment
Fraud prevention starts at the very top.
In our first video exploring the six reasonable fraud prevention procedures, Quinton Newcomb and Natalie Quinlivan explore "Top Level Commitment". The board and those in senior management roles carry ultimate responsibility for preventing and detecting fraud.
Leadership must set the tone from the top. Senior management is expected to:
• Actively endorse anti-fraud initiatives
• Allocate sufficient resources for training and risk management
• Create a culture where employees feel safe reporting concerns
A clear governance structure, with defined roles and regular board-level reporting on fraud prevention, is essential. The message is clear: a strong anti-fraud culture cannot exist without visible commitment from leadership.
Watch the video below to hear how top level commitment can transform fraud prevention.
