Introduction Purpose Company Overview Additional Laws & Punishments Strategies Internal controls Alternative Plan Auditors Professional Responsibilities Legislative and Regulatory Agency References

The law has greatly evolved due to the development in civilization.

Legal framework existence is vital in the society since it serves as a code of conduct to be used by the citizens.

guidelines on the order and behaviors expected from each citizen

Sustains and maintains equity among the arms of government

Various kinds of crimes exists. The law has different categories and priorities financial frauds on organizations due to information

leakage. The presentation is based on Semiconductor Inc. Dealing with fraud with or without the laws. safeguarding confidential information.

Free scale Semiconductor, Inc. based in Austin, Texas.

It was a subsidiary of Motorola, Inc. till 2004 over 17 billion semiconductor chips consumed around

the globe yearly Estimated revenues of over $ 3.945 billion were

realized in the year 2012 . The company has over 23,000 employees.

Financial Fraud….what it is? known as severe fraud and controlled under the

Fraud Act 2006. what leads to increase in frauds?

Improper Implementation of the Law and poor monitoring.

Should we provide more laws and harsh punishments.

Implementing inside trading. Having insider trading that is legal Having inside trading which is illegal Any insider trading has always been a securities

crime Strategies to eliminate insider trading:

Establishing an insider trading policyCreating a watch dogHave top officials on automatic watch.

Leaked merger and acquisition info utilized to conduct fraud.

Internal control are affected by employees/ people.

Required internal controls. Administrative information systems: such that

information is provided to the necessary people at the necessary level of details during the required time

Channels for employees: that should be designed and effectively implemented to communicate suspected improprieties upstream through other than a direct supervisor.

employees should be aware fraud and conflicts of interest will not be tolerated.

Universal policies and procedures are important and will be followed.

Everyone is aware of his responsibilities, including internal controls.

I would have done: Separation of dutiesadequate documentationHandled assets and reconcile perpetual records to physical counts.

In order to Communicate this action plan I will Keep the message simple, but deep in meaning.Use the discipline of a framework.Put on “real person” hat.Use 21st-century media and be unexpected.Make the necessary investment.

Internal Auditing

Consulting Engagements

Audit Engagement

Responsibilities

legislative and / or regulatory agency Oversight will increase corporate fraud?

Yes

Sawyer's Guide for Internal Auditors 1. The Institute of Internal Auditors Research Foundation. 2012. p. 36. ISBN 978-0-89413-721-1.

Mocan and Tekin. "Ugly Criminals". National Bureau of Economic Research. Retrieved 2012-12-24.

Barretto, Vicente (2006). Dicionário de Filosofia do Direito. Unisinos Editora. ISBN 85-7431-266-5.