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EVERY CHOICE HAS A CONSEQUENCE

Ethics. EVERY CHOICE HAS A CONSEQUENCE. Text Questions to 828.244.1400. Ethics. The Integral Model. Text Questions to 828.244.1400. Ethics. The Integral Model. Individual. Intentions - Behavior. Text Questions to 828.244.1400. What do these three people have in common?. Ethics.

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EVERY CHOICE HAS A CONSEQUENCE

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  1. Ethics EVERY CHOICE HAS A CONSEQUENCE Text Questions to 828.244.1400

  2. Ethics The Integral Model Text Questions to 828.244.1400

  3. Ethics The Integral Model Individual Intentions - Behavior Text Questions to 828.244.1400

  4. What do these three people have in common?

  5. Ethics chuck@chuckgallagher.com

  6. Ethics chuck@chuckgallagher.com

  7. Ethics chuck@chuckgallagher.com

  8. Ethics chuck@chuckgallagher.com

  9. Ethics chuck@chuckgallagher.com

  10. Ethics chuck@chuckgallagher.com

  11. Ethics EVERY CHOICE HAS A CONSEQUENCE Text Questions to 828.244.1400

  12. Ethics Individual Intentions - Behavior “The Story” Text Questions to 828.244.1400

  13. Ethics WHAT CAUSES AN OTHERWISE “HONEST” PERSON DO DISHONEST THINGS? Text Questions to 828.244.1400

  14. Ethics THE THREE COMPONENTS OF ETHICAL LAPSES Text Questions to 828.244.1400

  15. Ethics Text Questions to 828.244.1400

  16. Ethics Need Text Questions to 828.244.1400

  17. Ethics Need Opportunity Text Questions to 828.244.1400

  18. Ethics Need Rationalization Opportunity Text Questions to 828.244.1400

  19. Ethics Need Rationalization Remove One Component and the Ethical Lapse Fails Text Questions to 828.244.1400

  20. Reality Check

  21. Ethics Need Text Questions to 828.244.1400

  22. Ethics FACTS: • In 81% of cases, the fraudster displayed one or more behavioral red flags that are often associated with fraudulent conduct. Living beyond means (36% of cases), financial difficulties (27%), unusually close association with vendors or customers (19%) and excessive control issues (18%) were the most commonly observed behavioral warning signs. • Perpetrators with higher levels of authority tend to cause much larger losses. The median loss among frauds committed by owner/executives was $573,000, the median loss caused by managers was $180,000 and the median loss caused by employees was $60,000. Text Questions to 828.244.1400

  23. Ethics FACTS: • The vast majority (77%) of all frauds in the ACFE study were committed by individuals working in one of six departments: accounting, operations, sales, executive/upper management, customer service and purchasing. This distribution was very similar to what we found in our 2010 study. • The longer a perpetrator has worked for an organization, the higher fraud losses tend to be. Perpetrators with more than ten years of experience at the victim organization caused a median loss of $229,000. By comparison, the median loss caused by perpetrators who committed fraud in their first year on the job was only $25,000. Text Questions to 828.244.1400

  24. Initial Detection of Unethical Practices and Frauds Ethics Text Questions to 828.244.1400

  25. Ethics • Background Checks • Limited Access to Data • Sales Follow-up • Password Protection • Segregation of Duties • Rotation of Duties • Random Checks • Consider lifestyle changes • Be aware of “Need” triggers • Ethical Integrity Checks Text Questions to 828.244.1400

  26. Ethics EVERY CHOICE HAS A CONSEQUENCE Questions? Text Questions to 828.244.1400 www.chuckgallagher.com

  27. Every Choice has a Consequence! Make Wise Choices

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