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Letter To Senior Leaders: Dingwow Inc.

678 Words3 Pages

Dear Senior Leaders:

As the newest hire, here at Dingwow Inc. I would like to take this opportunity to thank you for allowing me to assist in leading Dingwow Inc into the future. Also, thank you for giving me the opportunity to effectively create a fraudulent policy. This policy has the intentions of monitoring Dingwow’s internal controls which will lessen the rise of fraud. As you may or may not be aware developing a fraudulent program will not be an easy task nor will it be developed overnight. A fraudulent program must grow and evolve with a company. In the next paragraphs I will attempt to explain in detail what makes a strong fraud policy and how this policy will be related to Dingwow Inc. continued growth. Step one of the fraud …show more content…

Making official statements shows all involved parties what the company will or will not tolerate about fraud. This setting is where fraud should be explained and what is constituted fraud. In order, for fraud to occur three things must happen. First, a person(s) must perceive a need. Meaning he/she believe they are in a desperate state, usually owing more money than they have. Second, is having the opportunity. The individual(s) waits for the right opportunity that allows him/her to commit fraud. The last element is when the individual(s) rationalize why they are committing fraud. The person(s) studies the background of fraud then learns to decipher the mistakes and inconsistencies in their daily activities (Kroll 2012). By understanding the elements of fraud policy it creates a culture of compliance. For instance, if the employee knows that Dingwow has policies and procedures in place to detect fraud he/she expects that the standards of the company is high, therefore the culture of the company begins to formulate and grow. Dingwow Inc. wants this for the company and its employees. We would like the employees to operate with the utmost diligence and respect in keeping the company

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