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Date: ___________
Reviewed by: ____
Date: ___________
ORGANIZATION NAME
INTERNAL CONTROL QUESTIONNAIRE
Introduction
Imagine the flu virus, slowly it enters our bodies, unseen and undetected infecting us. The
symptoms can be nausea, high temperature, fever, body pain, headache, vomiting etc.
Some people recover from this, after taking a dose of Paracetamol or antibiotics, for some
people the effects are fatal – they never recover. The virus adapts and new strains
develop all the time.
Fraud is such a virus and the antidote is having strong internal controls, top management
support and a Fraud and Corruption Policy. Paracetamol and antibiotics can be used as a
preventive or recovery measure. Similarly, a Fraud and Corruption Policy should have its
preventive and recovery aspects.
Outlined below is an ICQ detailing some of the questions that Management or Internal
Audit should be asking when thinking about managing the risk of Fraud.
General
Matters to be reported
Recovery
Conclusion
Maxima Group Plc in conjunction with Davies Arnold Cooper have created the world’s
first generic Fraud Policy (the website address is www.maximagroup.com).
The contact point and email address is admin@maxima-group.com. The general ideas
contained in this ICQ are expanded in greater detail within their Fraud Policy. I based
my Model Fraud and Corruption Response Plan on their policy. They are one of the
leading experts in the field and their founder (Mike Comer) is considered to be one of
the World’s leading experts on Corporate Fraud.