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After more than 60 years, the classic fraud triangle of three elements or events that motivate an employee to cross the line has morphed into a Crowe Fraud Pentagon™. Company boards and senior management must take an offensive stance against the five conditions that precipitate fraud with a clear plan that limits the opportunity for fraud and minimizes the impact when fraud does occur.
Key takeaways include helping companies to:
• Explore the evolution of the fraud triangle;
• Understand white collar criminal behavior;
• Identify motivators for fraud; and
• Explore ways to fend off fraud with a pre-emptive plan aimed at preventing, deterring, and detecting fraud.
Crowe Horwath LLP is one of the largest public accounting and consulting firms in the United States. Under its core purpose of “Building Value with Values®,” Crowe assists public and private company clients in reaching their goals through audit, tax, advisory, risk and performance services. With 26 offices and 2,400 personnel, Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Horwath International, one of the largest networks in the world, consisting of more than 140 independent accounting and management consulting firms with offices in more than 400 cities around the world.
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