Question: As you continue your role at ABC Technical Manufacturing, Inc., it is crucial to present your fraud prevention and detection plan to the CEO and

As you continue your role at ABC Technical Manufacturing, Inc., it is crucial to present your fraud prevention and detection plan to the CEO and his team. To kick off the presentation, the first slide should warmly welcome the CEO and his team. Include an appropriate image that represents the company's values and a short sentence or two to set the tone for the presentation. The second slide should focus on evaluating the key elements that must be included in the fraud prevention and detection plan. Justify how each element is likely to protect corporate assets and minimize risk based on thorough research. This will provide a strong foundation for the plan and demonstrate its effectiveness. Next, dedicate a slide to outline your argument supporting the implementation of the fraud prevention and detection plan. Highlight the potential consequences of failing to implement the plan, emphasizing the financial, reputational, and legal risks involved. Support your argument with relevant data and case studies to strengthen its credibility. Moving forward, dedicate a slide to identify the roles and responsibilities of key personnel within the organization. Clearly explain the significance of each role in the fraud prevention and detection equation. Provide a rationale for each role, highlighting how their involvement contributes to the overall effectiveness of the plan. On the following slide, compare the roles of management, internal auditors, external auditors, governing bodies, and the board of directors. Explain how each of these role groups can contribute to the success of your plan. Emphasize the importance of collaboration and coordination among these stakeholders to ensure a comprehensive and robust fraud prevention and detection system. Evaluate the tools you propose to use in order to enhance the effectiveness of your plan on the next slide. Discuss the specific tools, such as data analytics software, surveillance systems, and whistleblower hotlines, and explain how they can help in mitigating or eliminating fraud. Provide evidence of their effectiveness through case studies or industry best practices. Following this, outline the risk/reward ratio of each tool recommended in the previous slide. Assess the potential benefits and drawbacks of implementing each tool, considering factors such as cost, resource allocation, and impact on employee morale. This analysis will help the CEO and his team make informed decisions regarding the adoption of these tools. Devote a slide to explain how you would communicate your plan to employees throughout the organization. Highlight the importance of clear and consistent communication to ensure that all employees understand their roles and responsibilities in preventing and detecting fraud. Discuss the channels and methods you would use to disseminate information effectively. Finally, conclude the presentation with a closing slide that predicts the impact of potential occurrences

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